How do I calculate AGI?

The AGI calculation is relatively straightforward. Using the income tax calculator, simply add all forms of income together, and subtract any tax deductions from that amount. Depending on your tax situation, your AGI can even be zero or negative. There are some restrictions on specific AGI deductions to note when using our gross income calculator:

How to calculate adjusted gross income?

You can use the following formula to calculate your adjusted gross income: AGI = gross income – deductions – adjustments + passive income Thus, you can calculate your adjusted gross income in a few easy steps. The first step in calculating your AGI is to calculate your gross annual income.

How do I Find my adjusted gross income (MAGI)?

If you use software to prepare your return, it will automatically calculate your AGI. Your AGI is entered on line 11 of Form 1040, U.S. Individual Income Tax Return. You can find your AGI: Your modified adjusted gross income (MAGI) is your adjusted gross income with certain deductions added back. Your MAGI is not just your compensation.