If you use software or an online tax prep service to prepare your tax return, it will calculate your AGI once you input your numbers. If you filed Form 1040, Form 1040-SR or 1040-NR, your AGI will be listed on Line 11. For 2023, you can find the amount listed on the following lines based on the form you used. You’ll need a copy of last year’s return to locate your Adjusted Gross Income on Form 1040 from the previous tax year. Your prior-year AGI can be used to validate your electronic return with the IRS. If you’re looking for your AGI from last year, check out the next section. You can find your annual income on your Form W-2 from your employer. Sometimes when people ask about annual income, they may be thinking of their salary before or after taxes are taken out from their paychecks. See the “How to calculate AGI section” below. But you will need your W-2 to start the calculation. Because AGI is something you need to calculate from several sources it’s not printed on your W-2. One common question we receive is where their Adjusted Gross Income is on their W-2. What is Adjusted Gross Income on your W-2? Take note: there’s no fixed definition of MAGI as the adjustments vary depending on the specific tax benefit. Your Modified Adjusted Gross Income determines your eligibility for certain deductions, credits, and retirement plans.
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