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Investments glossary

Adjusted Gross Income (AGI)

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Quotes of the day:

Early morning hath gold in its mouth.

— Benjamin Franklin

Adjusted gross income (AGI) is a measure of income calculated from your gross income and used to determine how much of your income is taxable. It is the starting point for calculating a filer’s tax bill in the United States and, among other things, is the basis for many deductions and credits. When filing your taxes online—as about 90% of filers do—the software you use will calculate your AGI for you.


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