How To Find My Adjusted Gross Income
How to Find Your Adjusted Gross Income (AGI) to E-file Your Tax Return
Updated for Tax Yr 2021 • February 23, 2022 01:49 PM
OVERVIEW
Your adjusted gross income (AGI) is an important number come taxation time, especially if you're planning to e-file. Non merely does it bear on the taxation breaks you lot're eligible for—your AGI is at present as well a kind of identification.
For revenue enhancement years get-go 2018, the 1040A and EZ forms are no longer available. They take been replaced with new 1040 and 1040-SR forms. For those who are filing prior year returns, you lot tin can continue to use grade 1040A or EZ for tax years through 2017.
Primal Takeaways
• If yous east-file, the IRS may ask for your AGI from last year's return in club to verify your identity.
• Your adjusted gross income (AGI) consists of the total corporeality of income and earnings yous made for the revenue enhancement year minus certain adjustments to income.
• For tax year 2021, your AGI is on Line eleven on Form 1040, 1040-SR, and 1040NR. It is located on different lines on forms from before years.
• Your AGI often impacts the tax breaks you're eligible for.
If you plan to due east-file your tax return, y'all may need to first find the corporeality of AGI from last yr'due south return in lodge for the IRS to verify your identity. You lot tin can find your AGI on the form yous used to file your last year'due south return.
Finding Your AGI
Diverse versions of Form 1040 reverberate the AGI amount on unlike lines:
- Line 11 on Form 1040 and 1040-SR (on revenue enhancement yr 2020 form)
- Line 8b on Form 1040 and 1040-SR (on taxation year 2019 course)
- Line 7 on Form 1040 (on tax year 2018 course)
- Line 21 on Form 1040A (on forms for tax years before 2018)
- Line 4 on Form 1040EZ (on forms for tax years before 2018)
- Line 11 on Class 1040NR (on tax year 2020 form)
You tin find the name of your tax form on the upper left paw corner of your render.
If yous used online tax software, y'all can typically login and download a copy of your prior twelvemonth'south 1040 tax render to find your AGI.
If you used TurboTax, read this helpful FAQ on where to observe final year's AGI to sign this year's tax render.
TurboTax Tip: If you used TurboTax, read this helpful FAQ on where to notice last year's AGI to verify your identity for this year'south taxation return.
Determining AGI
The IRS defines AGI as "gross income minus adjustments to income." Depending on the adjustments you lot're allowed, your AGI will be equal to or less than the total corporeality of income or earnings you made for the taxation twelvemonth. Remember to consider all sources of income that contribute to your AGI, including:
- Wages on a W-2 or 1099 form
- Cocky-employment income on a Schedule C
- Interest and dividends
- Alimony from an ex-spouse (for agreements prior to 2019)
- Capital letter gains
- Rental income
- Other earnings subject to income taxation
AGI doesn't include your standard or itemized revenue enhancement deductions, so set those bated to figure into your taxable income later.
Importance of the AGI
In addition to existence used to verifying your identity, your AGI impacts many of the taxation deductions and credits y'all tin take at tax time. That's specially important because deductions and credits can increase your tax refund or reduce the corporeality of taxes you lot owe. Depending on your filing status, you may exist subject area to an AGI limit—a dollar amount that limits the deductions yous can take—which commonly applies to higher income earners.
More often than not, the more deductions and credits you take, the lower your taxable income.
Retrieve, with TurboTax, we'll ask y'all simple questions about your life and aid you lot fill out all the right tax forms. With TurboTax you can be confident your taxes are done right, from uncomplicated to complex tax returns, no matter what your situation.
Source: https://turbotax.intuit.com/tax-tips/irs-tax-return/how-to-find-your-adjusted-gross-income-agi-to-e-file-your-tax-return/L2BNspAbm
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