Tag: US CPA

Adjusted Gross Income (AGI): What It Means for Your 2025 Tax Return

What is Adjusted Gross Income (AGI)? Adjusted Gross Income (AGI) is your total gross income for the year, minus specific deductions (also known as adjustments). It’s the starting point for calculating your federal income tax liability. Why AGI Matters for Taxpayers AGI determines: Your eligibility for tax credits (like the Child Tax Credit, Lifetime Learning […]

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