A tax term referring to gross taxable income (e.g. wages and capital gains) minus allowable deductions (alimony, unreimbursed work expenses) which results in the AGI, the adjusted amount of income used to determine tax liability.
A tax term referring to gross taxable income (e.g. wages and capital gains) minus allowable deductions (alimony, unreimbursed work expenses) which results in the AGI, the adjusted amount of income used to determine tax liability.