Adjusted gross income (AGI) is an individual’s taxable income after accounting for deductions and adjustments. For companies, net income is the profit after accounting for all expenses and taxes; also called net profit or after-tax income.

Is AGI post tax?

Adjusted gross income, or AGI, is a person’s total gross income minus specific deductions or payments made throughout the year. … Although AGI is typically referred to as net income, they are not exactly the same. Whereas net income refers to after tax income, AGI is total taxable income.

What is deducted to get AGI?

Adjusted Gross Income (AGI) is defined as gross income minus adjustments to income. … Adjustments to Income include such items as Educator expenses, Student loan interest, Alimony payments or contributions to a retirement account.