adjusted gross income

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

The two main numbers you’re looking at are ordinary income and total taxable income — commonly referred to as adjusted gross income or AGI.

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That would give them an adjusted gross income of $145,500 after subtracting $32,200 for the standard deduction, $1,650 each for the additional standard deduction for their age group and $6,000 each for the new additional senior deduction.

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This surcharge starts once modified adjusted gross income exceeds certain amounts, which in 2025 is $106,000 for single filers and $212,000 for married couples filing jointly.

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Taxes on Social Security are based on something called “combined income,” which is your adjusted gross income plus any nontaxable interest you earned plus half of your Social Security income.

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The IRS has free tax software for those whose Adjusted Gross Income is below $84,000 annually.

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