# adjusted gross income

**Pronunciation:** əˈdʒʌstɪd ɡroʊs ˈɪnkʌm · uh-JUS-tid GROSS IN-kum

**Part of speech:** noun

## Meaning

Total income minus certain adjustments, such as student loan interest or retirement contributions, serving as the baseline for calculating federal income tax.

## Examples

- Your adjusted gross income determines whether you qualify for certain tax credits.
- The tax software automatically calculated my adjusted gross income based on the deductions I entered.
- High adjusted gross income can sometimes limit your ability to contribute directly to a Roth IRA.

## Synonyms

- taxable income — Refers to the final amount after all deductions, whereas AGI is an intermediate step.

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