| Adjusted Gross Income -
401(k) Retirement Glossary & Terminologies

Adjusted gross income appears on the last line on page 1 of IRS
Form 1040 or 1040A (line 21). Abbreviated as AGI, adjusted gross
income is gross income of an employee in a given year, minus the
following deductions:
- Student loan interest deductions
- Annuity contributions to pension & profit-sharing
plans made by self-employed individuals and annuity investors
- Higher education expenses and university
& college fees
- Losses from sale or exchange of property
- Certain expenses of elementary/secondary
school teachers
- Employees’ business related deductions
- Moving/relocation expenses
- Health savings accounts
- Reforestation expenses
- Alimony
- Deductions for green clean-fuel vehicles
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