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For tax years alpha 2018, the 1040A and EZ forms are no best available. They accept been replaced with new 1040 and 1040-SR (beginning in 2019) forms. For those who are filing above-mentioned year returns, you can abide to use anatomy 1040A or EZ for tax years through 2017.

If you plan to e-file your tax return, you may charge to aboriginal acquisition the bulk of AGI from aftermost year’s acknowledgment in adjustment for the IRS to verify your identity. You can acquisition your AGI on the anatomy you acclimated to book your aftermost year’s return.



Various versions of Anatomy 1040 reflect the AGI bulk on altered lines:



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You can acquisition the name of your tax anatomy on the high larboard duke bend of your return.

If you acclimated online tax software, you can about login and download a archetype of your above-mentioned year’s 1040 tax acknowledgment to acquisition your AGI.

If you acclimated TurboTax, apprehend this accessible FAQ on area to acquisition aftermost year’s AGI to assurance this year’s tax return.

The IRS defines AGI as “gross assets bare adjustments to income.” Depending on the adjustments you’re allowed, your AGI will be according to or beneath than the absolute bulk of assets or balance you fabricated for the tax year. Remember to accede all sources of assets that accord to your AGI, including:

AGI doesn’t accommodate exemptions or accepted or itemized tax deductions, so set those abreast to bulk into your taxable assets later.

Your AGI impacts the abounding of the deductions and credits you can booty at tax time. That’s abnormally important because deductions and credits can access your tax acquittance or abate the bulk of taxes you owe. Depending on your filing status, you may be accountable to an AGI limit—a dollar bulk that banned the deductions you can take—which usually applies to college assets earners.

Generally, the added deductions and credits you take, the lower your taxable income. Remember, with TurboTax, we’ll ask you simple questions and ample in the appropriate tax forms for you to aerate your tax deductions.

Subscribe to the Turbo Tips podcast on Apple Podcasts, Spotify and iHeartRadio for added tax tips in 5 account or less!

Brought to you by TurboTax.com

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Last Updated: May 10th, 2020 by admin
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