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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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Because her modified adjusted gross income also increased, she ended up paying higher Medicare Part B and Part D premiums, and a larger share of her Social Security benefits became taxable.

From MarketWatch Jul. 18, 2026

The distributions are added to adjusted gross income and are subject to income-tax rates of up to 37%.

From Barron's May 9, 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

Taxpayers with adjusted gross income of $500,000 provided 57% of itemized charitable giving in 2022, while those with income of $1 million or more accounted for about 48%, the report said.

From Barron's Mar. 17, 2026

The agency’s website lists eight “trusted partners” for IRS Free File, which is a group of commercial tax-software companies that allow taxpayers with $89,000 or less in adjusted gross income to file free.

From The Wall Street Journal Jan. 26, 2026

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