Why Was My Credit Card Application Denied?
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What Is Adjusted Gross Income
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Last Updated: April 4, 2025
Key Takeaways
- Adjusted gross income refers to all the money you’ve received within a tax year minus some specific expenses.
- The IRS bases the amount of income tax you owe each year on your adjusted gross income.
- Your adjusted gross income may also affect the size of the tax deductions you could receive each year.
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