adjusted gross income

noun

plural adjusted gross incomes
: an individual's gross (see gross entry 1 sense 3) income minus the total amount in deductions allowed by law
Eligibility for the federal stimulus payments was based on adjusted gross income.Samantha Marcus
In addition, adjusted gross income (AGI) is sometimes used to make further computations …Daniel Q. Posin

called also AGI

Examples of adjusted gross income in a Sentence

Recent Examples on the Web
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The typical individual investor had adjusted gross income of $738,000 in 2024. Sarah Agostino, CNBC, 26 July 2026

Word History

First Known Use

1911, in the meaning defined above

Time Traveler
The first known use of adjusted gross income was in 1911

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Cite this Entry

“Adjusted gross income.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/adjusted%20gross%20income. Accessed 1 Aug. 2026.

Legal Definition

adjusted gross income

noun
: an individual's gross income decreased by the amount of deductions allowed especially for business expenses
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