Use the free AGI Calculator on ToolVexa to estimate adjusted gross income from total income and adjustments.
How to Use
Enter your total income for the year and the total adjustments or above-the-line deductions, then press Calculate.
Formula in Plain Words
Adjusted gross income equals total income minus adjustments. It is the starting point for many tax calculations.
Worked Example
For total income of $80,000 and adjustments of $5,000, the estimated AGI is $75,000.
FAQs
Is AGI the same as taxable income?
No. Taxable income is usually AGI minus the standard or itemized deduction.
What counts as an adjustment?
Examples can include certain retirement contributions, student loan interest and educator expenses, depending on the tax rules that apply to you.
Does this replace tax advice?
No. This is a simple estimate for planning only. Check with a qualified tax professional for your own return.