adjusted gross income

American

noun

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

Example Sentences

Examples are provided to illustrate real-world usage of words in context. Any opinions expressed do not reflect the views of Dictionary.com.

Crucially, this tax-advantaged strategy satisfies your required minimum distributions without increasing your adjusted gross income.

From MarketWatch

The additional deduction will begin to be phased out for individuals with modified adjusted gross income of $75,000, or $150,000 for those who are married filing jointly, the Internal Revenue Service said.

From MarketWatch

The 100% figure rises to 110% for filers with adjusted gross income of more than $150,000, or $75,000 for married taxpayers filing separately.

From The Wall Street Journal

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

Note: Income is defined as adjusted gross income plus tax-exempt interest for 2024.

From The Wall Street Journal

Definitions and idiom definitions from Dictionary.com Unabridged, based on the Random House Unabridged Dictionary, © Random House, Inc. 2023