May 24, 2013 11:49PM ET U.S. Markets Closed. S&P 500 +0.04% NASDAQ +0.03% Plans and Pricing

Adjusted Gross Income

Definition

Adjusted Gross Income (AGI) is the figure used to calculate an individual's income tax liability. More specifically, it is used by the IRS to calculate eligibility for tax benefits.

Related Terms

Deduction, Income Statement, Liability

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