Make sure you have records of all your income sources before calculating AGI.
You’ll also need to factor in other taxable income like self-employment income reported on a 1099-NEC, interest, and dividends reported on a 1099-INT or 1099-DIV, capital gains and losses reported on a 1099-B, and income from sources like prizes, gambling winnings, or jury duty. When calculating your AGI, it’s important to remember that income from your W-2 is not the only source.
To understand what Adjustable Gross Income (AGI) is, you first need to comprehend your gross income.
