Gross Income

Wages, Salaries, Tips (W-2)

Taxable Interest & Dividends

Business/Self-Employed Income (Schedule C)

Capital Gains

Other Income (Pensions, Unemployment, etc.)

Adjustments / Deductions (Above-the-line)

Educator Expenses

Student Loan Interest Deduction

HSA Deduction

Traditional IRA Deduction

Deductible part of Self-Employment Tax

Self-Employed Health Insurance Deduction

Other Adjustments

Results will appear here after entering amounts

How to Use

1. Enter Income: Input your wages, interest, business income, etc., in the "Gross Income" section. 2. Enter Deductions: Input eligible adjustments like educator expenses, student loan interest, etc., in the "Deductions" section. 3. Calculate: Click the "Calculate AGI" button at the bottom. 4. View Results: The tool will display your Total Gross Income, Total Adjustments, and final AGI.

Tax Tips

Why AGI Matters AGI determines your eligibility for many tax credits and deductions and serves as the starting point for calculating taxable income.

Keep Records Always retain original documents (W-2s, 1099s) for all income and expenses in case of an IRS audit.

Disclaimer This tool is for estimation purposes only and does not constitute tax advice. Consult a tax professional or IRS guidelines for official filing.

Calculation Principles & Formulas

The calculation for Adjusted Gross Income (AGI) is straightforward:

AGI = Gross Income - Adjustments (Above-the-line Deductions)

Gross income includes wages, dividends, capital gains, business income, retirement distributions, and other income. Adjustments often include educator expenses, student loan interest, health savings account (HSA) deductions, and more.