AGI can determine eligibility for retirement account contributions or income-driven student loan repayment programs and be considered in mortgage loan applications. How to read your W-2 The Form W ...
Similarly, charitable contributions are generally limited to 50% of your AGI. Your W-2 does not list your adjusted gross income, but it contains the information you need to calculate your AGI.
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 ...
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