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Adjusted gross income is a tax term everyone should understand. Also known as AGI, it has ramifications that extend beyond the tax season. “People are asking you all the time for your adjusted ...
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HerMoney on MSNWhat Is Adjusted Gross Income? 11 Tax Time Terms ExplainedTo get started — or refresh your memory — here’s a primer of 11 key tax terms you should know. Adjusted gross income: Your ...
Your adjusted gross income, or AGI, is your total income minus specific deductions. AGI determines your eligibility for tax credits, deductions, and retirement account contributions. Subtract the ...
The amount of an individual’s Part B premium, Part D premium, or both may change based on their modified adjusted gross income (MAGI), which their Internal Revenue Service (IRS) tax return will ...
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