The more deductions and expenses you have throughout the year, the more difficult it becomes to find out your adjusted gross income. You need to determine your total income and then subtract every deduction, but you can calculate your AGI much quicker with an online adjusted gross income calculator. Here are some of the most accurate calculators for you to use this tax season.
CNN Money Adjusted Gross Income Calculator
Discovering your AGI is made a lot easier using CNN Money’s calculator. First, you determine your gross income by typing in your wages, salary, tips, taxable interest, ordinary dividends, and any other money you’ve received through the year. After this, you type in any deductions such as IRA contributions, student loan interest, moving expenses, and other types of expenses you had. Then, you just press “calculate,” and it displays your average gross income at the bottom.
The Calculator Adjusted Gross Income Calculator
For a simple, no mess and no hassle AGI calculator, you can use The Calculator’s website. This allows you to type in your income similar to CNN Money. It requests that you input any salary, wages, capital gains, regular dividends, and other taxable income you received through the year. After discovering your income, you type in your deductions. These can be contributions to your IRA, student loan interest, self-employed health insurance contributions, and other deductions you experienced. Finally, you click “calculate, ” and the website displays your approximate AGI.
Money Chimp Adjusted Gross Income Calculator
Unlike some of the other sites, Money Chimp’s tax calculator helps explain how to figure out your AGI while providing a calculator. It also has plenty of tips to help you reduce the amount of income tax you may owe. The AGI calculator allows you to choose your filing status and year, as well as separate standard and itemized deductions. Unlike the other calculators, Money Chimp's doesn’t separate income and deductions by various categories. It’s up to you to know which deductions and expenses you can include and find the total.
Bankrate Tax Estimator Calculator
Bankrate wanted to give taxpayers the chance to discover how much their taxes would be before they went to a tax professional. This calculator is a tax estimator for 2015, but you can still use it to calculate your AGI. You can use it to find out how much you owe in taxes, but check the changes in the laws since 2015. To calculate your AGI, you can complete the form. It uses any exemptions, income, deductions, and tax credits to tell you how much you could owe for the year. The benefit of this calculator is the user-friendly interface that anyone can use.
Money-Zine Tax Rate Calculator
Money-Zine has a more updated tax rate calculator but is slightly less user-friendly for those who may not know what can be included as a deduction or adjustment. With this calculator, you can choose your filing status and year to get accurate results that estimate your current taxes due. However, the federal tax rules could have changed since the 2016 release, which is the latest version of this calculator. After filling out all the necessary information, it shows your adjusted gross income, as well as any deductions, exemptions, and your total taxable income.
