Adjusted Gross Income Calculator

This calculator helps you calculate your Adjusted Gross Income (AGI) by subtracting certain deductions from your gross income. AGI is an important figure used to determine your eligibility for various tax benefits and deductions.

Input Parameters

Calculation Results

Calculation Formula

AGI = Gross Income - Business Expenses - Alimony Payments - Student Loan Interest - Charitable Donations

Where:
AGI = Adjusted Gross Income
Gross Income = Total income before taxes
Business Expenses = Deductible business-related expenses
Alimony Payments = Court-ordered alimony payments
Student Loan Interest = Interest paid on qualified student loans
Charitable Donations = Cash donations to qualified charities

Your AGI

$0.00

Your Adjusted Gross Income after deductions

Adjusted Gross Income Calculator Calculator Usage Guide

Learn how to use the Adjusted Gross Income Calculator calculator and its working principles

How to Use This Calculator

  1. Enter your total gross income (this is your total income before taxes)
  2. Enter any business expenses you've incurred (if applicable)
  3. Enter any alimony payments you've made (if applicable)
  4. Enter any student loan interest you've paid (if applicable)
  5. Enter any charitable donations you've made (if applicable)
  6. Click the "Calculate" button to see your Adjusted Gross Income

Understanding AGI

Adjusted Gross Income (AGI) is an important figure in the U.S. tax system. It's calculated by taking your gross income and subtracting certain deductions. Your AGI determines your eligibility for various tax credits and deductions, including:

  • Itemized deductions (charitable contributions, mortgage interest, etc.)
  • Medical expenses
  • Social Security benefits
  • Retirement account contributions

Important Notes

The calculator uses a simplified formula for AGI calculation. In reality, there may be additional deductions and considerations based on your specific tax situation. For more accurate tax planning, consult with a tax professional or refer to the official IRS guidelines.