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Topic: Adjusted Gross Income

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	Adjusted Gross Income - Wikipedia, the free encyclopedia
		Adjusted gross income (AGI) is a financial term to describe the amount used in the calculation of an individual's income tax liability.
		This includes wages, interest, income from retirement accounts, capital gains, or alimony received.
		In the US federal tax system, it is defined as income after certain adjustments are made (e.g.
	en.wikipedia.org /wiki/Adjusted_Gross_Income (116 words)

	Indiana Code 6-3.5-1.1 (Site not responding. Last check: 2007-10-18)
		County adjusted gross income tax revenues derived from the tax rate imposed under this section shall be deposited in the county jail revenue fund before making a certified distribution under section 11 of this chapter.
		County adjusted gross income tax revenues derived from the tax rate imposed under this section shall be deposited in the county courthouse revenue fund before a certified distribution is made under section 11 of this chapter.
		Such a reciprocity agreement must provide that the income of resident county taxpayers is exempt from income taxation by the other local governmental entity to the extent that income of the residents of the other local governmental entity is exempt from the county adjusted gross income tax in the adopting county.
	www.state.in.us /legislative/ic/code/title6/ar3.5/ch1.1.html (9393 words)

	Adjusted Gross Income
		Gross income consists of wages and salaries, unemployment compensation, tips and gratuities, interest, dividends, annuities, rents and royalties, up to 85% of Social Security benefits if the recipient's income exceeds a base amount, and certain other types of income.
		Among the items excluded from gross income, and thus not subject to tax, are public assistance benefits and interest on exempt securities (mostly state and local bonds).
		Comparison of BEA estimates of personal income and IRS estimates of adjusted gross income: new estimates for 2003: revised estimates for 2002.
	www.infoplease.com /ipa/A0005935.html (378 words)

	Modified Adjusted Gross Income
		Rules for determining your modified adjusted gross income for purposes of IRA contributions.
		Adjusted gross income ("AGI") represents your total income reduced by certain deductions known as "adjustments," but before you take your itemized deduction or standard deduction, and before you take the deduction for personal exemptions.
		To estimate your adjusted gross income for a year that's not yet completed, it's usually best to begin with your adjusted gross income from the preceding year's tax return and estimate any changes from there.
	www.fairmark.com /rothira/modagi.htm (774 words)

	Gross Income (Site not responding. Last check: 2007-10-18)
		Gross income of an estate or trust is similar to that of an individual.
		Adjusted gross income is defined as gross income less allowable adjustments, such as IRA, alimony, and other deductions.
		Gross Income Worksheet Two items that help determine your ability to purchase a home are how much you have for the down payment and how much you can borrow.
	www.7-bucks.com /a6/gross-income.html (501 words)

	Virginia Adjusted Gross Income
		Any income that is exempt from Federal taxes, but not exempt from State taxes, such as some types of interest income, should be added back on your State return.
		You must add in any income that was taxed on a Federal form 4970 (accumulation distribution income) or on a form 4972 (lump-sum distribution).
		Income from other states is NOT A SUBTRACTION (unless you are filing as a part-year resident) - but you may be entitled to a Credit for Taxes Paid to Another State
	www.charlottesville.org /?pageID=5C18B601-CD8D-469D-8C66-B564FB19004C (305 words)

	Adjusted Gross Income (Site not responding. Last check: 2007-10-18)
		Adjusted gross income (AGI) is your income from all taxable sources minus certain adjustments.
		It is the key to determining your eligibility for certain tax benefits and the phase-out of your eligibility for others.
		It's the amount from which deductions (the standard deduction or itemized deductions) and the value of personal and dependent exemptions are deducted to arrive at the amount (taxable income) that will be taxed.
	www.taxtopics.net /agi.htm (87 words)

	15-30-111. Adjusted gross income. (Site not responding. Last check: 2007-10-18)
		(j) principal and income in a medical care savings account established in accordance with 15-61-201 or withdrawn from an account for eligible medical expenses, as defined in 15-61-102, of the taxpayer or a dependent of the taxpayer or for the long-term care of the taxpayer or a dependent of the taxpayer;
		If eligible, married individuals shall apply the exclusion separately, but the limitation for income exceeding $15,000 is determined with respect to the spouses on their combined adjusted gross income.
		The reduction in adjusted gross income under this subsection applies only with respect to contributions to an account of which the account owner, as defined in 15-62-103, is the taxpayer, the taxpayer's spouse, or the taxpayer's child or stepchild if the taxpayer's child or stepchild is a Montana resident.
	data.opi.state.mt.us /bills/mca/15/30/15-30-111.htm (1454 words)

	Research - Glossary of Financial Terms
		This is the calculation point between total gross income subject to reporting to the IRS and taxable income, which is the net income after all deductions and exemptions are subtracted.
		The importance of your Adjusted Gross Income (AGI) is that it is increasingly the starting point for figuring all deductions that are based on or limited by a percentage of your income.
		What portion of this contribution may be deductible varies, depending on whether the individual (and/or his or her spouse if married), is an active participant in an employer-sponsored pension plan, and on the amount of the individual's Adjusted Gross Income (combined with his or her spouse's, if married).
	www.ira.com /glossary.htm (1532 words)

	Section 143-121 Missouri adjusted gross income.
		The Missouri adjusted gross income of a resident individual shall be the taxpayer's federal adjusted gross income subject to the modifications in this section.
		The reduction in the previous sentence shall only apply to the extent that such expenses including amortizable bond premiums are deducted in determining the taxpayer's federal adjusted gross income or included in the taxpayer's Missouri itemized deduction.
		There shall be added to or subtracted from the taxpayer's federal adjusted gross income the taxpayer's share of the Missouri fiduciary adjustment provided in section 143.351.
	www.moga.state.mo.us /statutes/C100-199/1430000121.HTM (608 words)

	Modified Adjusted Gross Income - MAGI (Site not responding. Last check: 2007-10-18)
		The amount of income that determines the how much of an individual's IRA contribution is deductible.
		The modified adjusted gross income is found by taking the individual's adjusted gross income and adding back certain items such as foreign income, foreign-housing deductions, student-loan deductions, IRA-contribution deductions and deductions for higher-education costs.
		The higher the modified adjusted gross income, the more the deductible amount of the IRA contribution will be reduced, possibly going down even to zero.
	baystreet.investopedia.com /terms/m/magi.asp (181 words)

	Adjusted Gross Income - AGI
		Used to determine how much of your income is taxable.
		AGI consists of gross income from taxable sources minus your maximum allowable adjustments.
		Income Distribution - A paper by Ruben Cohen on the dynamics of wages, incomes and earnings.
	imagefn.investopedia.com /terms/a/agi.asp (49 words)

	Ohio Legislative Information Systems
		Any undistributed net 81 income included in the adjusted gross income of a beneficiary 82 shall reduce the undistributed net income of the trust commencing 83 with the earliest years of the accumulation period.
		176 (b) Add any amount not otherwise included in Ohio adjusted 178 gross income for any taxable year to the extent that the amount 179 is attributable to the recovery during the taxable year of any 180 amount deducted or excluded in computing federal or Ohio adjusted 181 gross income in any taxable year.
		The 400 deduction otherwise allowed under division (S)(9)(a) of this 401 section shall be reduced to the extent the reimbursement is 402 attributable to an amount the taxpayer or decedent deducted under 403 this section in any taxable year.
	www.legislature.state.oh.us /BillText123/123_HB_564_1_Y.htm (1820 words)

	Adjusted Gross Income .... Income.... Is there a difference?
		Because to me Adjusted Gross is no where near true "income".
		Adjusted Gross Income (AGI) is Line 33 on the 1040.
		Income could be just Taxable income which is Line 39.
	www.collegeconfidential.com /discus/messages/6/4241.html (149 words)

	2005 Adjusted Gross Income (Site not responding. Last check: 2007-10-18)
		Adjusted gross income is defined as gross income minus adjustments to income.
		If your income (e.g., change in job) or personal circumstances (e.g., change in marital status) did not change from last year, we suggest you refer to your 2004 federal income tax return to get a quick estimate of your 2005 AGI.
		For more details, see the Instructions for Form 1040 or you may want to refer to the Form 1040.
	www.irs.gov /app/freeFile/html/moreInfo/more_info_agi.html (152 words)

	Gross income (Site not responding. Last check: 2007-10-18)
		of their adjusted gross income to churches and charitable organizations.
		News - Bushes Report Gross Income of $784219 in adjusted gross income and paid $227490 in federal income taxes.
		of their adjusted gross income Б─■ to churches and charitable organizations.
	quick-book.greenline.ru /gross-income.htm (184 words)

	Adjusted Gross Income (Site not responding. Last check: 2007-10-18)
		Your total income including your salary and bonuses, as well as any rental or seasonal income
		Your lender or broker will look at your adjusted gross income to find out if you make enough money to qualify for a loan.
		You can find your adjusted gross income on line 32 of your 1040 income tax statement.
	www.sierrawestern.com /glossary/adjusted_grossincome.html (56 words)

	Tax Policy Center \| Publications
		Income Taxes and Income Inequality Since 1979 (October 24, 2005)
		A Comparison of Income and Consumption (February 16, 2005)
		Income Tax Burden Peaked in the 1980s (December 23, 2002)
	www.taxpolicycenter.org /publications/template.cfm?ListByDate=true (5514 words)

	Average Deductions by Adjusted Gross Income
		Here's how much, on average, people with your Adjusted Gross Income deducted, by type of deduction, back in 2000 (the last year for which the IRS has statistics).
		Skim across the top to find the column that includes your Adjusted Gross Income (Form 1040, line 35).
		Compare that figure with your own deduction, to find out if you are ahead, or behind, the average.
	www.quicken.com /cms/viewers/article/taxes/51160 (129 words)

	Federal Adjusted Gross Income
		This figure is shown on your Federal return:
		Your adjusted gross income is your total income minus allowable adjustments, such as IRA contributions and interest on student loans.
		For more information on calculating your Federal Adjusted Gross Income, please contact the IRS, 1-800-829-1040
	www.charlottesville.org /?pageID=E7F68543-66EC-48E7-BD31-1D18B4A4396C (43 words)

	MSN Money - Adjusted Gross Income (AGI) Glossary Definition: Taxes
		MSN Money - Adjusted Gross Income (AGI) Glossary Definition: Taxes
		Your income after certain allowable adjustments from your total income, such as IRA contributions, alimony paid, moving expenses, and Keogh account contributions.
		You use your AGI amount as a basis for various calculations, including determining the limitations on your itemized deductions.
	moneycentral.msn.com /taxes/glossary/glossary.asp?TermID=12 (51 words)

	AGI (Adjusted Gross Income) (Site not responding. Last check: 2007-10-18)
		Click here for directions to enable Javascript for your browser.
		Entries & Forms > Adjustments > AGI (Adjusted Gross Income)
		How do I find Last Year's AGI so I can complete the Electronic Signature screen in TaxCut 2005?
	www.taxcut.com /customer_support/entries_and_forms/adjustments/agi.html (81 words)

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