adjusted gross income

noun

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

Example Sentences

Using 2017 income data from the IRS, the Fed found that credit card borrowers with adjusted gross income between $46,000 and $58,000 reduced their card balances by 15 percent in the year since the pandemic began.

From Washington Post

So if your household’s modified adjusted gross income in 2020 was a total of $150,001, you have to pay taxes on all unemployment benefits.

From ProPublica

Eligibility for the Recovery Rebate Credit is based on your adjusted gross income on your 2020 tax return.

From Washington Post

Now, every adult with an adjusted gross income of up to $75,000 a year will get $600 and an additional $600 for each dependent.

From Quartz

That means these stimulus checks would decrease for adjusted gross income above $75,000 per individual or $150,000 per qualified couple.

From Fortune