Tax Strategies & Credits

Tax Terms: Modified AGI

Tax Terms: Modified AGI

The term "modified AGI" refers to a taxpayer's adjusted gross income after it has been modified to reflect any tax-exempt or tax-excludable income that the taxpayer earned during the tax year. Adjustments made with these types of income generally increase a taxpayer's AGI, and can have a significant impact on the deductions and credits that the taxpayer is entitled to claim.

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Lee Reams, BSME, EA

Lee Reams, BSME, EA

Editor-in-Chief

Besides his role at CountingWorks as an educator and speaker to thousands of accountants nationwide, Lee manages a technical research service for a large group of tax accountants which sharpens his technical skills. Lee served on the Board of Blackline Systems, is a former Board of Director for the California Tax Education Council, is a Past President of the San Fernando Valley Chapter of Enrolled Agents, Member and Past Director for the California Society of Enrolled Agents.

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