Abbreviations like this make life just a little bit easier when talking finance like a pro.īut before we get into AGI and all it entails, we'll need to take a step back and talk about gross income. AGI vs Gross IncomeĪdjusted Gross Income can also be referred to as AGI in the finance world. This will help you become a better financial planner in your personal and professional life, and it will help you file accurate tax returns. Having a thorough understanding of income and how it is calculated is important not only for your personal budgeting, but for investments, financial planning for now and the future, and for filing tax returns.