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.

Your adjusted gross income, or AGI, is your taxable income prior to deducting your standard or itemized deductions. The number is used by the IRS to determine whether you qualify for certain tax ...

Regardless of which tax year it is for, the Turbo Tax fee or any tax preparation fees you paid can be deducted on your tax return. since it is a Miscellaneous Deduction, and only amounts OVER 2% of ...

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 ...