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Adjusted gross income

• Abbreviated AGI. Sum of Earned Income, net Passive Income, portfolio income, and capital gains. The IRS uses AGI to determine most limitations on credits or deductions in taxes.

 
 

Follow this link for all the terms related to income.

 
 Embedded terms in definition
 Agi
Capital gain
Capital
Earned income
Income
Net
Passive income
Portfolio
 
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What to Know Before Declaring Your Financial Independence: Twenty-somethings may not realize it, but every time they enter a new phase of their life as young adults - perhaps starting college, a career or a family - they're also venturing into a new world of money management. Here are ways to be prepared. More...

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