Adjusted Gross Income
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Adjusted gross income (AGI) is a financial term to describe the amount used in the calculation of an individual's income tax liability. This includes wages, interest, income from retirement accounts, capital gains, or alimony received. In the US federal tax system, it is defined as income after certain adjustments are made (e.g. contributions to (deductible) retirement accounts, alimony paid by you), but before standardized and itemized deductions and personal exemptions are applied.
