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adjusted gross income

American  

noun

  1. (in U.S. income-tax returns) the total of an individual's wages, salaries, interest, dividends, etc., minus allowable deductions. AGI


Example Sentences

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The sales by his children don’t boost his adjusted gross income, which in turn could raise his Medicare Irmaa premiums or his 3.8% surtax on net investment income.

From The Wall Street Journal ● Oct. 8, 2026

Be careful: Long-term care costs are often deductible above a threshold of 7.5% of adjusted gross income.

From The Wall Street Journal ● Sep. 4, 2026

On top of that, retirees gradually lose the new $6,000 senior tax credit as their adjusted gross income rises, making the marginal tax rate as high as 46% for a married couple, he says.

From Barron's ● Jun. 24, 2026

For example, IRS data show the highest 1% of earners collect about 20% of the country’s total adjusted gross income.

From MarketWatch ● Apr. 18, 2026

That’s true even if their adjusted gross income exceeds the official levels that allow for a straightforward Roth contribution.

From MarketWatch ● Apr. 9, 2026

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