Adjusted Gross Income AGI TaxEDU Glossary
This includes wages, tips, interest, dividends, capital gains, business income, retirement income and other forms of taxable income. Reporting errors stemming from misunderstandings over AGI exclusions can trigger unnecessary IRS scrutiny or make you ineligible for certain tax benefits. For example, mistakenly including tax-exempt interest can inflate your AGI and reduce deductions, while overlooking exclusions