How To Calculate AGI From W2?

Start with your W-2 wages in Box 1

Add other taxable income not shown on the W-2, such as interest, dividends, self-employment income, rental income, unemployment compensation, and taxable retirement distributions

Add any other income reported on your tax return

Subtract above-the-line deductions, such as traditional IRA deductions, HSA deductions, student loan interest deduction, educator expenses, self-employed health insurance, and self-employment tax deduction

The result is your Adjusted Gross Income

Use the AGI line on your Form 1040 to confirm the final amount

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