Adjusted gross income is a tax term everyone should understand. Also known as AGI, it has ramifications that extend beyond the tax season. “People are asking you all the time for your adjusted ...

However, the Internal Revenue Service (IRS) allows for assets and investments to be adjusted up or down for a number of reasons, resulting in the adjusted cost basis and less capital gains tax owed.

The total cost of your renovation is $100,000. To calculate your adjusted cost base, you add the cost of the improvements to the cost of your initial investment ($500,000). So the adjusted cost ...

If you earned $50,000 in 2015 and you want to calculate your index-adjusted income for that year, you'd do the following: Divide the 2022 AWI of $63,795.13 by the 2015 AWI of $48,098.63 ...

Your adjusted gross income ... also used in the calculation to determine how much federal tax you owe. How to calculate AGI This is the total amount of taxable money you receive in any given ...