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What Is Gross Income?

By Matthew Frankel, CFPUpdated Jul 2, 2025 at 6:01 PM

Key Points

  • Gross income includes all earnings pre-tax, such as wages, dividends, and rental income.
  • Adjusted gross income (AGI) is gross income minus specific deductions like retirement contributions.
  • Taxable income is AGI minus all other tax deductions, used by IRS to calculate owed taxes.

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