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ADJUSTED GROSS INCOME / INCOME TAX TIPS #11 / IT IS AT THE BOTTOM OF 1ST PAGE & TOP OF 2ND PAGE 1040 - YouTube
Channel: CPA Strength
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yo yo yo CPA strength here strongest CPA
in the game I am accompanied by my uncle
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Tommy Joe Crutcher your winner of
championship game and the first two
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Super Bowl games coached under Vince
Lombardi so yeah he's fat he's proud of
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me I know he is and yeah we get it going
we're gonna do a GI today a GI what that
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Oh before could you please like and you
do it for yourself you'll have good luck
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for the rest of your life if you like
this video but you gotta like it right
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now please like it thank you very much
we's doing a GI today what's the a GI
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that G I feel no no adjusted gross
income we're doing adjusted gross income
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today it's on the 1040 this is the 1040
okay there's two pages to it the very
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bottom 1040 I know you can't really see
it I am sorry can we do something about
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this okay
so up top here mmm
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that's your income think about and then
the county you always going to think
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look when I said adjusted gross income
that's why I'm big about writing
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everything out and accounting and tax
write it all out because AGI you're like
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what is that in my head I think it's a
GI Bill or something oh I get money off
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from school cuz I because I was in the
army but I wasn't even in the army
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I'm so adjusted gross income so on the
1040 you have your income up top here
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adjust it
let's adjust it you have these I see
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this is a where does it say adjusted
gross income it's a whole section here
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so you adjust it those are above the
line deductions the line is called
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adjusted gross income but there's really
not too many above the line deductions
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so adjusted gross income is a lot of
times just your income but very
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important it's number 33
seven here the very very bottom line is
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the adjusted gross income 37 also look
that was the first page now now as we go
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into the second page look at that
38 adjuster 38 is same as 37 adjusted
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gross income okay I'm getting better at
this
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yeah yeah it's the only number it's on
the bottom this is a 10-4 oh I'm sorry
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this is a 1040 this is a personal tax
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that's the second page this is a 1040
this is an individual tax preparation in
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u.s. individual income tax return at the
bottom of the first page is adjusted
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gross income top of the second pages
adjusted gross income so most the time
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it's just your income but it's a super
important number because it is it's the
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only number it's the I mean it's the
only thing that is on that is on that is
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there twice it's the same number it's
bottom of a second I mean bottom of
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first page top of second page so pretty
important adjusted gross income just
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remember it's at the bottom of the first
top of the second what is it what is the
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word saying adjusted gross income
adjusted and you know gross is
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everything income so adjusted everything
income adjusted income really you don't
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adjust it too much right there but
that's what it is so hey it's just a
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quick little video today because for a
lot of things for a lot of different
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things they want what's what's your
adjusted gross income what's your
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adjusted gross income and no one really
knows what it is if you have no idea
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what it is look at your previous tax
return and save your tax return for
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goodness sakes because you never know
when you're gonna need to save it
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and for God's sakes it's a it's line 37
and 38 it's the very bottom of the first
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page very top of the second page that's
adjusted gross income that CPI strength
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that's my video for today and until
tomorrow I'll see ya medusa's
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