Your adjusted gross income (AGI) consists of the total amount of income and earnings you earned during the tax year minus certain income adjustments. The AGI calculation depends on the tax return form you use; some forms allow you to make more adjustments to your income than others. To find your adjusted gross income (AGI) for the previous year, see a copy of the tax return you filed last year. Throughout your tax return form, there are many opportunities to make deductions, some of which reduce your total income to determine the AGI and others are included in later parts of the return.
When preparing your taxes on your own and filing them electronically, you must sign and validate your electronic tax return by entering your adjusted gross income (AGI) from the previous year or your self-selection PIN from the previous year. Your AGI will never exceed the total income you report in the first few lines of your tax return and, in many cases, will be lower. When you file a tax return, you'll always see a line to calculate your adjusted gross income, or AGI, before you reach your taxable income number. With TurboTax, you can be sure that your taxes are done correctly, from simple to complex tax returns, no matter what your situation is.
