Adjusted gross income
The sum of all of your sources of taxable income, as defined by the US Internal Revenue Service, minus certain deductions allowed for Health Savings Account(HSA) An account that helps fund your share of medical expenses if you have a high-deductible health insurance plan (as defined by the IRS). You can contribute money to the account without paying taxe... More contributions, retirement savings plan contributions, medical expenses, some tuition expenses and student loan interestA charge for borrowing money, most often based on a percentage of the amount owed. More, among others.
I am also a retired property-casualty actuaryA professional who assesses and manages the risks of financial investments, insurance policies and other potentially risky ventures. Source: www.investopedia.com/terms/a/actuary.asp More (someone who works with the math and statistics related to insurance). I spent a significant portion of my career building statistical models of all of the financial risks of an insurance company and interpreting their findings to help senior management make better financial decisions. I retired in my late 50’s, which one of my daughter’s friends thought clearly qualified me to write this blog. Read more about Susie Q