Taxes

What Is Adjusted Gross Income (AGI)?

Adjusted gross income (AGI) is a US tax measure equal to gross income minus certain specific adjustments, sometimes called above-the-line deductions, such as deductible retirement contributions, HSA contributions, and half of self-employment tax. AGI is the starting point for taxable income and is used to determine eligibility for many deductions and credits.

AGI vs. Taxable Income

Taxable income = AGI − standard deduction (or itemized deductions) − certain other deductions. AGI appears on the federal return, Form 1040.

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🔗 Related Terms

Gross Income Taxable Income Standard Deduction Itemized Deductions

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Last updated: September 27, 2026. This definition is for general educational purposes only. It is not financial, investment, tax, legal, or medical advice, and it does not recommend any product or course of action. For decisions about your own situation, consult a qualified professional.