Adjusted-gross-income Definition


A taxpayer’s gross income minus the deductions, usually business deductions, they are allowed under the tax code. See income.

Webster's New World Law
The amount used in the calculation of an individual or couple’s income tax liability after deductions, such as IRA contributions, half of self-employment taxes, and health insurance and alimony payments, have been subtracted. AGI is income before the standard or itemized deductions or personal exemptions are subtracted.
Webster's New World Finance

Find Similar Words

Find similar words to adjusted-gross-income using the buttons below.

Words Starting With

Words Ending With

Word Length