Adjusted gross income is an important number used to determine how much you owe in taxes. It’s a factor in determining your ...

The IRS defines adjusted gross income as “gross income minus adjustments to income.” It’s a number that is included on your federal tax form, and many states use it for their own income tax ...

You would compare the average of those three years of Farm AGI to the total Average AGI. If this number is greater than 75%, you qualify for the higher payment cap. If lower, you do not.

if you will because that number AGI determines whether you're eligible or not for a host of other tax benefits. Editor's Note: The content was reviewed for tax accuracy by a TurboTax CPA expert.