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Adjusted Gross Income


Adjusted gross income: In the United States income tax system, adjusted gross income is an individual's total gross income minus specific deductions. Taxable income is adjusted gross income minus allowances for personal exemptions and itemized deductions. For most individual tax purposes, AGI is more relevant than gross income.

Printed dictionaries and other books with definitions for Adjusted Gross Income

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Google previewHopkins' Nonprofit Law Dictionary (2015)

by Bruce R. Hopkins

Thus, adjusted gross income is gross income that is adjusted to take into account certain costs of acquiring or transferring income. The reason for the concept of adjusted gross income is to provide a fair basis for the allowance of noneconomic ...

Google previewAn International Dictionary of Accounting and Taxation (2004)

Twelve Thousand Plus Entries on Accounting, Auditing and Taxation in the United States, Canada, United Kingdom and Australia by Guy Wanjialin

adjusted gross income adjustment adjusted gross income (AGI) a taxpayer's gross income minus above-the-line deductions. Also: net income. adjusted gross profit under standard absorption costing,the net sales minus the standard cost of ...

Google previewDictionary of Film Finance and Distribution (2013)

A Guide for Independent Filmmakers by John W. Cones

For a business, adjusted gross income is determined by sub' tracting from gross income any unreimbursed business expenses and other deductions (see “ income tax”). adjusted rate of return (ARR) * A meth/ od of calculating the anticipated ...

Google previewDictionary for Business & Finance (1995)

by John V. Terry

adjusted gross income 1.


ADJUSTED GROSS INCOME (AGI) intermediate step in calculating ...

Google previewThe Entrepreneur's Dictionary of Business and Financial Terms (2013)

by Khwaja Masoom

Adjusted Gross Income share. Dependent upon the entity, it may or may not include what would normally be included in a GAAP sanctioned earnings per share calculation. Adjusted Gross Income: Gross income reduced by business and other ...



Adjusted Gross Income (AGI)-A person's entire income reduced by adjustments including a deduction for an IRA (Individual Retirement Account), medical savings accounts, and alimony paid to an ex-spouse. Saving money now in an IRA for ...

Google previewHarriman's Financial Dictionary (2007)

Over 2,600 Essential Financial Terms by Simon Briscoe, Jane Fuller

additional pension | adjusted gross income additional pension See 'State Second Pension'. Categories: Pensions & Life Assurance 22 additional personal allowance An income tax allowance for single people, including widows/ widowers and ...

Google previewDictionary of Financial Terms (2007)

by Virginia B. Morris, Kenneth M. Morris

Adjusted gross income (AGI) Your AGI is your gross, or total, income from taxable sources minus certain deductions. ADJUSTED GROSS INCOME Grossincome – Special deductions ADJUSTED GROSS INCOME Income includes salary and ...

Google previewNolo's Plain-English Law Dictionary (2009)

by Gerald N. Hill, Kathleen Hill

adjusted gross income (agi) is gross income from taxable sources (including wages, interest, capital gains, income from retirement accounts, ...

Google previewDictionary of Legal Terms, 5th edition

by Steven H. Gifis

ADJUSTED GROSS INCOME the gross income of the taxpayer reduced by specified deductions, generally business deductions. CASH EQUIVALENT DOCTRINE the doctrine that property received by a taxpayer is includable in income if it ...

Google previewThe New York Times Dictionary of Money and Investing (2002)

The Essential A-to-Z Guide to the Language of the New Market by Gretchen Morgenson, Campbell R. Harvey, Ph.D.

See adjusted gross income. gross estate The total value of a person s property and assets before accounting for debts, taxes, and liabilities. gross income A person's total income prior to exclusions and deductions. gross interest Interest ...

Google previewAmerica Goes Green: An Encyclopedia of Eco-Friendly Culture in the United States [3 volumes] (2012)

An Encyclopedia of Eco-Friendly Culture in the United States by Kim Kennedy White

The Adjusted Gross Income (AGI) provision of the 2008 Farm Bill impacts eligibility for GRP. Individuals or entities that have an average adjusted gross nonfarm income exceeding $1 million for the three tax years immediately before the year ...

Google previewWebster's New World Law Dictionary (2010)

by Jonathan Wallace, Susan Ellis Wild

adjusted gross income. Gross income minus ...

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