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Definition of Adjusted Gross Income Internal Revenue Service  Form

Definition of Adjusted Gross Income Internal Revenue Service Form

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hey everyone andy here common question i've been getting lately here we are end of march we are uh getting towards the end of the tax return filing season common question i've been seeing and hearing is how can i reduce my adjusted gross income or agi uh now here we are again like i said end of march 2022 people are doing their 2021 tax returns and you may see ooh wow my adjusted gross income is higher than i thought it would be or high enough to the point that it's triggering off something i may not want it to like for retirees things that may come into play are like medicare premium surcharges which are based on your level of adjusted gross income plus some adjustments but typically it's just the same as your adjusted gross income or those that are on affordable care act insurance and getting or eligible to get subsidies in the form of premium tax credits the amount of subsidy you can get is ultimately keyed off your adjusted gross income technically i

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