Your Adjusted Gross Income (AGI) is one of the key pieces of information you’ll need when it comes to filing taxes each year. AGI is a measure of your total income and how much you are allowed to deduct. Your AGI is the amount of money you made after all deductions, credits, and exemptions have been taken into account. It’s important to know your AGI if you want to get the most out of your tax return. Fortunately, getting your AGI from 2017 is not a difficult process. Here’s how you can get your AGI from 2017 quickly and easily.
1. Find Your 2017 Tax Return
The first step in getting your AGI from 2017 is to find your 2017 tax return. You should be able to find a copy of your tax return either online or in a filing cabinet. If you used an online filing service to file your taxes, you may be able to find a copy of your return online. If you can’t find your return, you can request a copy from the IRS. You can also contact your tax preparer for help in locating your return.
2. Determine Your Filing Status
Once you have located your return, you can determine your filing status. Your filing status will determine the rate at which your taxes are calculated. The filing statuses are single, married filing jointly, married filing separately, head of household, and qualifying widow(er) with dependent child. You can find your filing status on your return or on the Form 1040.
3. Find Your AGI on Your Tax Return
Once you have determined your filing status, you can locate your AGI on your return. Your AGI is listed on the first page of your return, usually near the top. You can find it on the line labeled “Adjusted Gross Income” or “AGI.” It’s important to note that your AGI is not the same as your total income. Your AGI is the amount of money you made after all deductions, credits, and exemptions have been taken into account.
4. Calculate Your AGI Manually
If you can’t find your return or if you need to calculate your AGI manually, you can do so by adding up your total income and subtracting any deductions, credits, and exemptions. You can find the total income listed on Line 22 of Form 1040. You can find the deductions, credits, and exemptions listed on Lines 23 through 37. Add up the total income and subtract any deductions, credits, and exemptions to get your AGI.
5. Check Your AGI with the IRS
If you are still having trouble finding your AGI from 2017, you can call the IRS and request a copy of your return. The IRS will be able to provide you with a copy of your return that includes your AGI. They can also provide you with additional information about how to locate your AGI. It’s important to note that the IRS will only provide you with a copy of your return if you are able to provide them with all of the necessary identification information.
6. Use Online Tax Services
If you are unable to find your return or calculate your AGI manually, there are a number of online tax services that can help. These services can provide you with a copy of your return, as well as assistance in calculating your AGI. Many of these services also provide additional services such as tax planning, filing extensions, and more. Be sure to do your research and find a service that is reliable and secure.
7. Consult a Tax Professional
If you are still having trouble finding your AGI from 2017, it may be a good idea to consult a tax professional. A tax professional can provide you with assistance in locating your AGI, as well as advice on filing your taxes. Tax professionals have a wealth of knowledge and experience and can help you get the most out of your return. Be sure to ask questions and make sure you understand all of the advice given.
8. Update Your Tax Return
If you have already filed your tax return, you can still update it to include any deductions, credits, or exemptions that you may have missed. You can do this by filing an amended return. An amended return is a document that allows you to make changes to an already-filed return. It’s important to note that you must file an amended return within three years of the date you filed your original return. You can find more information about amended returns on the IRS website.
9. Prepare for Next Year
Once you have located your AGI from 2017, it’s important to make sure that you are prepared for next year. Start by gathering all of the necessary documents and forms that you will need to file your taxes. You should also make sure that you are keeping accurate records of your income and expenses. Finally, it’s important to be aware of any changes to the tax code that may affect your return. Keeping up with these changes can help you get the most out of your return.
Conclusion
Getting your AGI from 2017 is not a difficult process. All you need to do is locate your tax return, determine your filing status, and calculate your AGI. You can also check your AGI with the IRS or use an online tax service for assistance. Finally, make sure you are prepared for next year and keep up with any changes to the tax code. By following these steps, you can get your AGI from 2017 quickly and easily.