AGI (Adjusted Gross Income)
TaxesYour total gross income minus specific deductions like retirement contributions and student loan interest.
Example
Example: Your gross income is $85,000. You contribute $6,000 to a Traditional IRA and $3,000 to an HSA. Your AGI is $85,000 - $6,000 - $3,000 = $76,000. This lower AGI may qualify you for education credits, IRA deductions, and a lower student loan payment on income-driven plans. Use our tax calculator to see your AGI impact.