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AGI is Your Gross Income (Wages, Business Income, Investment Income, Etc.), Subtracted by Certain Adjustments, Such as Retirement Contributions, Student Loan Interest, or Educator Expenses. It is Used to Determine Your Taxable Income.
To calculate Your AGI, Start With Your Total Income (From Form W-2, 1099s, Investments, etc.), Then Minus Allowable Adjustments (Above-the-line Deductions). The Result You Get Will Be Your Adjustable Gross Income.
You Can Find Your AGI from Last Year's Form 1040, Line 11. You Can Also Get It From Your Prior-year Tax Return or Irs Transcript.
AGI Checks Your Eligibility for Certain Tax Deductions, Credits, and Even Whether You Can Contribute to Specific Retirement Accounts Like a Roth IRA
The Difference Between AGI and Taxable Income is That AGI is Your Income After Adjustments. Taxable Income is AGI , Subtracted From Either the Standard Deductions or the Itemized Deductions, and Any Qualified Business Income Deductions.
No, AGI Doesn't Include Standard Deduction as It is Calculated Before Subtracting the Standard or Itemized Deduction.
By Varun Gupta |Last Updated: December 26, 2025
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