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

Word History

First Known Use

1911, in the meaning defined above

Rhymes for adjusted gross income

• abomasum
• become
• checksum
• humdrum
• outcome
• succumb
• therefrom
• wherefrom
• bum
• chum
• come
• crum

Legal Definition

adjusted gross income

noun

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