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Form 965 a Rev January Individual Report of Net 965 Tax Liability

Form 965 a Rev January Individual Report of Net 965 Tax Liability

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Instructions and help about Form 965 A Rev January Individual Report Of Net 965 Tax Liability

- [Narrator] If you're looking to save as much money as possible when filing your taxes this year, knowing this one number will help. Your adjusted gross income or AGI. - Adjusted gross income is the starting point for your tax return. It's a common measure of income that the IRS uses and the government uses to determine how much money you've made over the course of the past year. - [Narrator] So to demystify your tax return, we break down how to calculate your AGI and how this one number impacts your finances. (mellow music) The IRS defines adjusted gross income, or AGI, as your gross income minus adjustments to income. It's commonly referred to as the line. Above the line, you have two things. Your gross income and your adjustments. Your gross income is a combination of your wages, stock dividends, capital gains and any other income you might have, like business profits. Adjustments refer to things like interest on student loan payments, contributions to some retirement accounts and

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