You’ll see the term “adjusted gross income (AGI)” repeated throughout your tax forms. To get your adjusted gross income, you’ll subtract the payments you’ve made during the year that aren’t taxable, such as alimony or contributions to a traditional IRA. The result — your AGI — becomes the starting point for calculating your tax bill.
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Romona Paden (contributing writer), NerdWallet.com
Wed, 01/13/2016 - 11:54am
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