What does AGI stand for?
1. AGI – Adjusted Gross Income Adjusted Gross Income (AGI) is a key financial metric used in the United States tax system to calculate an individual’s taxable income after accounting for certain deductions, exemptions, and adjustments to gross income. AGI represents the total income earned from all sources, including wages, salaries, self-employment income, interest, dividends, capital gains, and other taxable earnings, minus allowable deductions such as retirement contributions, student loan interest, alimony payments, and business expenses. AGI serves as the…