Employees receive the W-2 Forms from his/her employers at the end of every year. It consists of essential information to be reported on your federal income tax returns. Steps To Calculate Your AGI – Adjusted Gross Income Using W-2 Form. Basically, there are 3 steps to this: Taking Gross Income from the W-2 form.
What if my spouse and I used the status of married filing jointly last year and are using different status(es) this year? Do we split the combined AGI? If you filed a joint return last year, each spouse should enter the combined AGI from last year’s joint return even if you are filing separately this year. You do not need to split this amount.