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0:56
YouTube
Spectacular Vernacular
Adjusted Gross Income — What AGI Actually Means
Your tax bill doesn’t start with your paycheck — it starts with your AGI. Adjusted Gross Income is your total income minus certain deductions the IRS allows before calculating what you actually owe. Example: $60,000 income − $5,000 adjustments = $55,000 AGI. Want more clarity without the confusion? Follow for daily finance made simple.
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