Introduction
Adjusted Gross Income (AGI) is an important figure when it comes to filing taxes and other financial-related tasks. AGI is defined as the total income you earned in a given year minus certain deductions such as student loan interest or IRA contributions. Knowing your AGI from last year can be beneficial when filing taxes, applying for loans, or even when seeking financial advice.
Check Your Tax Return
The easiest way to get your AGI from last year is to review the tax return you filed. If you filed electronically, you should have received a confirmation email with a copy of your return attached. You can also log into the website you used to file your taxes and review the return there. If you filed a paper return, you can check your records to find a copy of the return you filed.
Request a Transcript from the IRS
If you’re unable to locate a copy of your tax return, you may request a transcript of your return from the IRS. The IRS offers an online tool called “Get Transcript” where you can request a copy of your return from the previous three years. Alternatively, you may call the toll-free number provided on the IRS website to request a transcript. Once you receive your transcript, you’ll be able to view your AGI from last year.
Contact Your Employer
Your employer may have a record of your AGI from last year on file. If you’re unable to locate a copy of your tax return or a transcript from the IRS, contact your employer’s human resources department and inquire about any documents they may have on file that contain your AGI information.
Contact Your Financial Institution
Your financial institution may also be able to provide information regarding your AGI from last year. If you’ve ever applied for a loan or mortgage through your bank or credit union, they will likely have a record of your AGI on file. Contact your financial institution and explain what information you’re looking for; they should be able to provide you with the necessary documentation.
Use Tax Software
Certain tax preparation software programs, such as TurboTax, allow users to access prior tax returns. This is a great option if you’re unable to locate a physical or electronic copy of your return. You can simply log into the program and view your past returns, which will include your AGI from last year.
Conclusion
Knowing your AGI from last year is important for filing taxes and other financial related tasks. Fortunately, there are a variety of methods you can use to access this information. Reviewing the tax return you filed last year, requesting a transcript from the IRS, contacting your employer, contacting your financial institution, or using tax preparation software are all great ways to get your AGI from last year. If you’re still having trouble locating your AGI, don’t hesitate to reach out to the IRS or other sources for assistance.
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