United States of America. In the United States income tax system, adjusted gross income (AGI) is an individual's total gross income minus specific deductions. Taxable income is adjusted gross income minus allowances for personal exemptions and itemized deductions. For most individual tax purposes, AGI is more relevant than gross income. Gross income is sales price of goods or property, minus cost of the property sold, plus other income.
https://en.wikipedia.org/wiki/Adjusted_gross_income
Definition of Adjusted Gross Income. Adjusted Gross Income is defined as gross income minus adjustments to income. We suggest you refer to your 2014 federal income tax return to get a quick estimate of your 2015 AGI. On your 2014 return, please refer to: Line 4 if you filed a Form 1040EZ.
https://www.irs.gov/uac/definition-of-adjusted-gross-income
The AGI calculation is relatively straightforward. It is equal to the total income you report that’s subject to income tax—such as earnings from your job, self-employment, alimony income and interest from a bank account—minus specific deductions, or “adjustments” that you’re eligible to take.
https://turbotax.intuit.com/tax-tools/tax-tips/Taxes-101/What-is-Adjusted-Gross-Income--AGI--/INF19180.html
Modified Adjusted Gross Income (MAGI) The figure used to determine eligibility for premium tax credits and other savings for Marketplace health insurance plans and for Medicaid and the Children's Health Insurance Program (CHIP). For many people, it’s identical to or very close to adjusted gross income.
https://www.healthcare.gov/glossary/modified-adjusted-gross-income-magi/
Adjusted Gross Income - AGI. Adjusted gross income (AGI) is a measure of income calculated from your gross income and used to determine how much of your income is taxable. Next Up. Adjusted gross income (AGI) is a modification of gross income in the United States tax code. Gross income is simply the sum of everything an individual earns in a year.
http://www.investopedia.com/terms/a/agi.asp
Adjusted Gross Income - AGI. What is 'Adjusted Gross Income - AGI'. Adjusted gross income (AGI) is a measure of income calculated from your gross income and used to determine how much of your income is taxable. Gross Earnings. Modified Adjusted Gross Income ...
http://www.investopedia.com/terms/a/agi.asp
adjusted gross income. Tax payer's total income from which certain sums such as student loan interest payments (but not allowed or standard deductions) have been subtracted. http://www.businessdictionary.com/definition/adjusted-gross-income.html.
http://www.businessdictionary.com/definition/adjusted-gross-income.html
What is a 'Modified Adjusted Gross Income - MAGI'. Modified adjusted gross income (MAGI) is used to determine whether a private individual qualifies for certain tax deductions. Most notably, it is used to determine how much of an individual's IRA contribution is deductible and whether an individual is eligible for premium tax credits.
http://www.investopedia.com/terms/m/magi.asp
BREAKING DOWN 'Modified Adjusted Gross Income - MAGI'. The higher the modified adjusted gross income, the more the deductible amount of the IRA contribution is reduced, potentially to zero. If this happens, one can still contribute to an IRA plan, but the entire amount contributed will not be tax deductible.
http://www.investopedia.com/terms/m/magi.asp
Adjusted gross income definition. Adjusted gross income definition: The sum of all wages, dividends, tips, interest, capital gains, annuities, and any other income earned during a year. We now illustrate with real life examples. Example #1: In 2009, Peter earned 15,000 USD working part time as a taxi driver.
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adjusted gross income definition
Adjusted gross income is defined as gross income minus adjustments to income.   Adjusted gross income is a gross income minus adjustments to income.