Agi - sustany/dvg GitHub Wiki

AGI is an acronym for adjusted gross income.�

Adjusted Gross Income (AGI) is defined as the�gross income�earned by an individual minus several adjustments made to that income, such as�trade and business deductions. Gross income is the income earned by an individual, including the�wage,�dividends,�capital gains,�business income,�retirement distributions�but can also include other types of income. In order to find the AGI, adjustments are made to the income, examples including student loan interests,�alimony�payments, or�retirement savings.

The AGI must be calculated by the�IRS�to determine one individual�s income�tax liability�for the�taxable year. The term applies to individuals and affects the extent to which�medical expenses, nonbusiness�casualty and theft losses,�charitable contributions,�and other items may be deducted.

See:�26 U.S. Code � 62