Princeton's WordNet(0.00 / 0 votes)Rate this definition: reference point, point of reference, reference(noun) an indicator that orients you generally. it is used as a reference for comparing the heating and the electrical energy involved.
One of the first deductions from gross income is the appropriate personal exemption for an individual and his spouse and dependents. In addition to the personal exemption, taxpayers can take further deductions, either in the form of a standard deduction or by itemizing deductions.
Adjusted Gross Income - AGI. What is 'Adjusted Gross Income - AGI'. Adjusted gross income (AGI) is a measure of income calculated from your gross income and used to determine how much of your income is taxable. Gross Earnings. Modified Adjusted Gross Income ...