AGI (Adjusted Gross Income)
Your gross income minus specific "above-the-line" adjustments, used to determine eligibility for many tax breaks.
What does agi mean?
AGI is income after adjustments like retirement contributions, HSA contributions and student loan interest, but before the standard or itemized deduction. Many credits and deductions phase out based on your AGI.
Related terms
AGI — frequently asked
What is the difference between AGI and taxable income?
AGI is your gross income minus “above-the-line” adjustments like retirement and HSA contributions. Taxable income is AGI minus your standard or itemized deduction — it is the figure your tax brackets actually apply to.
How do I lower my AGI?
Contribute to a traditional 401(k) or IRA, an HSA, or (if self-employed) a SEP-IRA; deduct student-loan interest where eligible. A lower AGI can also unlock income-based credits and deductions that phase out at higher incomes.