Discovering Your AGI Number- A Step-by-Step Guide
How do I find my AGI number? If you’re preparing your taxes or need to reference your Adjusted Gross Income (AGI) for various financial purposes, this question is quite common. Your AGI is a crucial figure that determines your eligibility for certain tax credits, deductions, and retirement account contributions. In this article, we’ll guide you through the process of finding your AGI number, ensuring you have the information you need when it’s time to file your taxes or handle other financial matters.
Firstly, it’s important to understand what AGI is. AGI is calculated by taking your total income, such as wages, interest, dividends, and other types of income, and then subtracting certain adjustments to income. These adjustments include things like contributions to a retirement account, student loan interest, and self-employment taxes. The result is your AGI, which is then used to determine your taxable income.
Now, let’s dive into how you can find your AGI number:
1. Check Your Tax Return: The most straightforward way to find your AGI is to look at your previous year’s tax return. Your AGI is typically listed on the first page of your Form 1040 or Form 1040-SR. If you’ve e-filed your taxes, you can usually access your return online through the IRS website or your tax software.
2. Use IRS Tools: The IRS provides a tool called “Where’s My Refund?” that can help you retrieve your AGI. To use this tool, you’ll need your Social Security number, filing status, and the amount of your refund. While this tool is primarily for checking the status of your refund, it also provides your AGI.
3. Contact Your Tax Preparer: If you used a tax preparer to file your taxes, you can ask them to provide you with your AGI. Tax preparers often keep records of their clients’ tax information for several years.
4. Request a Transcript: You can request a tax transcript from the IRS, which includes your AGI. You can request a transcript online, by phone, or by mail. To request a transcript online, visit the IRS website and follow the instructions. For a phone request, call the IRS at 1-800-908-9946. If you prefer to mail in your request, use Form 4506-T.
5. Check Your Account with Your Tax Software: If you’re using tax software to prepare your taxes, you may be able to access your AGI through your account. Many tax software providers allow you to view your previous year’s tax return information, including your AGI.
Remember, your AGI is a sensitive piece of information, so be cautious when sharing it or accessing it online. By following these steps, you should be able to find your AGI number without any hassle.