Gross income reduced by business and other specified expenses of individual taxpayers. The amount of' Adjusted Gross Income' affects the extent to which medical expenses, non business casualty and theft losses and charitable contributions may be deductible. It is also an important figure in the basis of many other individual planning issues as well as a key line item on the IRS form 1040 and required state forms.
Barry Goldsmith
| APA | Barry Goldsmith. (2010). adjusted gross income. Retrieved October 1, 2026, from http://smartdefine.org/adjusted_gross_income/definitions/1147236 |
| Chicago | Barry Goldsmith. 2010. "adjusted gross income" http://smartdefine.org/adjusted_gross_income/definitions/1147236 (accessed October 1, 2026). |
| Harvard | Barry Goldsmith 2010, adjusted gross income, Smart Define, viewed 1 October, 2026, <http://smartdefine.org/adjusted_gross_income/definitions/1147236>. |
| MLA | Barry Goldsmith. "adjusted gross income" 21 October 2010. Web. 1 October 2026. <http://smartdefine.org/adjusted_gross_income/definitions/1147236> |