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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
 
 Related Terms
 

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Tips for Trying to Fix a Clogged or "Frozen" Home Equity Line: For years, homeowners have turned to home equity lines of credit (HELOCs) as a way to borrow against their home's value to pay for college tuition, home improvements, medical bills and other major expenses. (A home's equity is the market value minus what is owed on the mortgage. If you owe $100,000 on your mortgage but your home is worth $250,000, your equity is $150,000.) More...

History is the version of past events that people have decided to agree upon. - Napoleon Bonaparte (1769-1821)

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