The deductions you take to calculate AGI are referred to as “adjustments to income.” These are specific deductions that the IRS allows you to use to reduce your total income to arrive at your AGI.

To calculate your AGI, you subtract specific deductions from your gross income. Check Out: What To Do If You Owe Back Taxes ...

Your adjusted gross income and modified adjusted gross income both affect your tax breaks. The differences between them are important to know. If lawmakers expand the Child Tax Credit, the IRS has ...

Keep reading for everything you need to know how the AGI is calculated and ways to reduce it. The IRS defines adjusted gross income as “gross income minus adjustments to income.” It’s a ...

such as TurboTax or TaxAct, these calculations will all be done for you. But it's still important to understand which deductions can reduce your AGI each year since these can be extremely valuable ...