Where Can I Find My Adjusted Gross Income?

When it comes to filing your taxes, one of the most important pieces of information you need is your Adjusted Gross Income (AGI).

Where Can I Find My Adjusted Gross Income?

This number is used to determine your eligibility for certain tax credits and deductions, as well as your overall tax liability.

But where exactly can you find your AGI? Here are some tips to help you locate this crucial piece of information.

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What is Adjusted Gross Income?

Before we dive into where to find your AGI, let's first define what it is. Your AGI is your total income minus specific deductions, such as contributions to a retirement account or student loan interest payments. This number is used to determine your taxable income, which is the amount of income you will be taxed on.

Where to Find Your AGI

There are a few different places where you can find your AGI, depending on how you filed your taxes in the past.

On Your Tax Return: If you filed your taxes electronically last year, your AGI can be found on line 8b of Form 1040 or 1040-SR. If you filed a paper return, your AGI can be found on line 11 of Form 1040, line 8b of Form 1040A.

From TurboTax: If you've filed your taxes with TurboTax in the past and have access to your tax returns through TurboTax, you should be able to retrieve your AGI easily.

Within the Tax Summary section, you can find your Adjusted Gross Income (AGI) for the selected tax year. It's often listed on Line 11 of Form 1040.

On Your IRS Account: You can also find your AGI by creating an account on the IRS website. Once you have created an account, you can view your tax transcripts, which will include your AGI from previous years.

If you are unable to locate your AGI using the above methods, you can contact the IRS directly. They will be able to provide you with your AGI from the previous tax year.

Why is Your AGI Important?

Your AGI is an important number because it is used to determine your eligibility for certain tax credits and deductions.

For example, if you want to claim the Earned Income Tax Credit, you need to have an AGI below a certain threshold.

Your AGI also determines your eligibility for deductions such as student loan interest or contributions to a retirement account.

In addition, your AGI is used to calculate your overall tax liability. The higher your AGI, the higher your tax liability will be. Knowing your AGI can help you plan for your tax bill and ensure that you are taking advantage of all available deductions and credits.

Finding your Adjusted Gross Income

Finding your Adjusted Gross Income is an important part of filing your taxes. Whether you need it to claim a tax credit or simply to calculate your overall tax liability, knowing your AGI is crucial.

By using the methods outlined above, you should be able to locate your AGI quickly and easily. If you have any questions or concerns about your AGI or your taxes in general, don't hesitate to contact a tax professional for assistance.

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