Adjusted Gross Income Calculator

By TaxAct

What is Adjusted Gross Income (AGI)?

For tax purposes, your adjusted gross income or AGI is essentially your total or gross income minus eligible deductions. You can use our calculator below to estimate your AGI using the most common income and deductions for US taxpayers.

How is AGI calculated?

The AGI calculation is relatively straightforward.  Simply add all forms of income together, and subtract any tax deductions from that amount.  Depending on your tax situation, your AGI can even be zero or negative.

AGI deductions

There are some restrictions on specific AGI deductions to note when using our AGI calculator:

  • Qualified educator expense deductions are capped at $250.  
  • School tuition and fees are capped at $2,500, with 100 percent of the first $2,000 and then 25 percent of the next $2,000 eligible as a deduction.
  • Student loan interest deduction is capped at $2,500. If you are a Single filer, you are not eligible for the deduction if your total income is greater than $80,000 ($165,000 for married filing jointly). 

How to use the AGI calculator

Step 1 – Select your filing status
Step 2 – Enter all eligible income
Step 3 – Input all eligible deductions
Step 4 – Click calculate.

AGI Calculator
AGI cannot exceed total income reported and is often lower. It can be negative.
Total income includes all of your annual earnings that are subject to income tax.
Filing Status
Adjusted Gross Income :

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TaxAct is the savvy tax-filing partner helping ambitious Americans work the tax code to their advantage. TaxAct's do-it-yourself digital and downloadable products help customers find every tax break they deserve by finding them credits and deductions they may have never known existed.

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