Start with your total gross income
Include wages, salaries, tips, and self-employment income
Add taxable interest and dividends
Add rental income, business income, and capital gains
Add retirement income, unemployment compensation, and other taxable income
Subtract eligible adjustments to income
Subtract student loan interest
Subtract traditional IRA contributions if deductible
Subtract HSA contributions if deductible
Subtract self-employed health insurance premiums
Subtract educator expenses
Subtract alimony paid if applicable under older divorce agreements
Subtract self-employed retirement plan contributions
Subtract moving expenses for active-duty military if eligible
Subtract penalties on early withdrawal of savings
Subtract other allowable above-the-line deductions
The result is your adjusted gross income (AGI)