Similarly, charitable contributions are generally limited to 50% of your AGI. Your W-2 does not list your adjusted gross income, but it contains the information you need to calculate your AGI.
Adjusted gross income is a tax term everyone should understand. Also known as AGI, it has ramifications that extend beyond the tax season. “People are asking you all the time for your adjusted ...
When it’s time to calculate your tax bill, knowing your adjusted gross income (AGI) is a crucial first step. If you file your tax return online (or have your tax preparer do it), you’ll need ...