adjusted gross income investment & finance definition
The amount used in the calculation of an individual or couple's income tax liability after deductions, such as IRA contributions, half of self-employment taxes, ...
Definition
Adjusted gross income
Total income less the total allowable adjustments for federal income tax purposes. These adjustments might include IRA deductions, moving expenses, health insurance, charitable contributions or alimony paid.
The adjusted gross income is also important because it is used by numerous organizations to make decisions such as approving a mortgage application, offering a line of credit, or allowing a taxpayer to receive government assistance.
Adjusted Gross Income
Adjusted gross income equals gross income less reductions that are allowable irrespective of personal deductions or exemptions.
Adjusted gross income (AGI) The amount of income that is subject to federal income tax. Contributions to employer-sponsored retirement plans or deductible traditional IRAs reduce your adjusted gross income, thereby reducing your tax burden.
Adjusted Gross Income (AGI): A measure used to calculate how much income is taxable by the government.
Adjusted Gross Income (AGI): Earned income plus net passive income, portfolio income and capital gains.
Adjustment: The process of buying or selling instruments to bring your position delta back to zero.
Adjusted Gross Income - AGI
A measure of income used to determine how much of your income is taxable.
Adjusted Gross Income (AGI) is Total Income less some specific allowed deductions. Such as; alimony paid (income to the recipient), permitted moving expenses, self-employed retirement program, student loan interest, etc.
Adjusted gross income (AGI)
Your AGI is your gross, or total, income from taxable sources minus certain deductions. Income includes salary and other employment income, interest and dividends, and long- and short-term capital gains and losses.
Adjusted gross income (AGI)
Gross income less allowable adjustments, is the income on which an individual is taxed by the federal government.
adjusted gross income (with some adjustments) plus
tax-exempt interest plus
one-half of social security benefits.
Assuming provisional income (as determined above) exceeds $44,000, a taxpayer must include in income the lesser of: ...
Modified Adjusted Gross Income
The IRA account rules take into consideration your MAGI to determine your IRA eligibility.
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deductible An item or expense that may be subtracted from adjusted gross income in order... deduction An expense that is subtracted from adjusted gross income when finding taxable...
Adjusted gross income (AGI)
Adjusted present value (APV)
Adjustment bond
Administrative pricing rules
Advance
Advance commitment
Advance Computerized Execution System (ACES)
Advance funded pension plan
Advance refunding
Advance/Decline Line ...
Typically, a donor may only deduct a cash contribution to a charity up to 50% of his or her adjusted gross income (AGI) in any given year. Any excess charitable contribution deductions are carried over to the following five years.
When you figure your income tax, these are the items that may be subtracted from your adjusted gross income if you do not take the standard deduction.
1. 12% flat tax - both on business net sales (value-added) and on personal unadjusted gross income
2. Spending constraints on Congress
3. Stable U.S.
Net investment income is defined as your total investment income (which includes interest, dividend and royalty income) less your deductible investment expenses (investment expenses that exceed 2% of your adjusted gross income).
IRA
An Individual Retirement Account in which some or all of the contribution may be deductible from current taxes, depending on the individual's adjusted gross income and coverage by an employer sponsored retirement plan.
up to $2,000 per year in an individual account. For spousal accounts, the limit is $4,000. The amount that is tax deductible varies according to an individual's access to pension coverage, income tax filing status, and adjusted gross income.
 See also: Gross, Income, Investment, Account, Market
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