Adjusted Gross Income (AGI) Calculator

Your details

Affects phase-out ranges for IRA, Roth IRA, education credits, and student loan interest.
W-2 box 1 wages, salary, tips, and other employee compensation.
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Schedule C / Schedule F net profit after business expenses. Used to auto-estimate your SE tax deduction.
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Bank interest, CD interest, and bond interest that is taxable (1099-INT Box 1).
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Total dividend income (1099-DIV Box 1a). Qualified dividends receive preferential rates but are still included in AGI.
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Net capital gain or loss from Schedule D. Losses are limited to -$3,000 against ordinary income.
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Taxable portion of 1099-R distributions from pensions, annuities, and traditional IRA/401(k) withdrawals.
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Net rental income after expenses from Schedule E. Can be negative if rental expenses exceed rent received.
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Unemployment compensation, alimony received (pre-2019 agreements), gambling winnings, Social Security benefits, and other taxable income.
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Eligible K-12 educator classroom expenses, capped at $300 per teacher ($600 for joint returns with two educators).
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Personal (not employer) contributions to a Health Savings Account. 2026 self-only limit is $4,400; family limit is $8,750.
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Health, dental, and long-term care premiums paid by a self-employed individual for themselves and their family (Schedule 1 Line 17).
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SEP-IRA, SIMPLE IRA, or Solo 401(k) contributions made as a self-employed individual.
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The deductible half of self-employment tax (Schedule SE). Leave at 0 to auto-estimate from your SE income.
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Deductible traditional IRA contributions. Subject to phase-out if you or your spouse are covered by a workplace retirement plan.
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Interest paid on qualified student loans, capped at $2,500. Subject to income phase-out.
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Alimony paid under a divorce or separation agreement executed before December 31, 2018. Post-2018 agreements are not deductible.
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Penalty forfeited for early withdrawal from a bank CD or similar savings account (1099-INT Box 2). Not the 10% retirement plan penalty.
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Municipal bond interest and similar tax-exempt interest (Form 1040 Line 2a). Added back for PTC and Medicare IRMAA MAGI only.
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Income excluded under the foreign earned income exclusion (Form 2555). Added back for all MAGI variants except Medicare IRMAA.
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The non-taxable portion of your Social Security benefits. Added back for the Premium Tax Credit MAGI only.
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Interest excluded under the §135 Education Savings Bond program (Form 8815). Added back for Traditional and Roth IRA MAGI.
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Employer adoption assistance excluded from income under §137 (Form 8839). Added back for Traditional and Roth IRA MAGI.
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Roth conversion or rollover income included in your AGI. Subtracted only from Roth IRA contribution MAGI.
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Currency
Adjusted Gross Income (AGI)Middle income bracket
$75,000

Form 1040 Line 11: Gross Income minus all above-the-line deductions

Gross Income$75,000
Total Adjustments$0
MAGI for Traditional IRA$75,000
IRA Deduction EligibilityFull benefit
MAGI for Roth IRA$75,000
Roth IRA EligibilityFull benefit
MAGI for Education Credits$75,000
Education Credit EligibilityFull benefit
MAGI for Student Loan Interest$75,000
Student Loan Deduction EligibilityFull benefit
MAGI for Net Investment Income Tax$75,000
MAGI for Medicare IRMAA$75,000
Gross Income$75,000
Total Adjustments$0
AGI (Line 11)$75,000
MAGI - Traditional IRA$75,000
MAGI - Roth IRA$75,000
MAGI - Premium Tax Cred75000
MAGI - Medicare IRMAA$75,000

Your AGI is $75,000 (Form 1040 Line 11).

Next stepAGI is the foundation for most tax calculations. Your actual taxable income is AGI minus either the standard deduction or your itemized deductions. Use your AGI to plan IRA contributions, check ACA subsidy eligibility, and estimate quarterly estimated taxes.

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