Need help retracing steps for 2023 AGI calculation - IRS confusion
Hey everyone, I'm trying to retrace my steps for my 2023 AGI. Anyone have any tips on how to do this effectively? I'm feeling a bit lost and could use some guidance.
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Luca Russo
I've been there before! Here's what worked for me: 1. Gather all your income documents (W-2s, 1099s, etc.) 2. Review your bank statements for any income you might have missed 3. Check your tax software or previous year's return for any recurring income sources 4. Don't forget about investments, dividends, or interest income 5. If you had any major life changes (new job, moved, etc.), factor those in Hope this helps! Let me know if you need more details on any of these steps.
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Zara Mirza
•Thanks so much! This is really helpful. I'll start working through these steps. Quick question - do you know if unemployment benefits count towards AGI?
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Luca Russo
•Yes, unemployment benefits are typically included in your AGI. Make sure to include any 1099-G forms you received for unemployment compensation.
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Nia Harris
•Great advice! I'd add: don't forget about any side hustles or gig work. Those can slip through the cracks sometimes.
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GalaxyGazer
Ugh, retracing AGI is such a pain 🤮 The IRS website is useless. Good luck, OP!
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Mateo Sanchez
Have you tried using tax preparation software? Many of them have features that can help you calculate your AGI step-by-step.
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Zara Mirza
•I haven't, but that's a good idea. Any specific software you'd recommend?
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Mateo Sanchez
•TurboTax and H&R Block are popular choices. They both have user-friendly interfaces that guide you through the process.
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Aisha Mahmood
•Just be careful with those softwares, they often try to upsell you on services you don't need. Read the fine print!
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Ethan Moore
I found a method to get someone on the phone at the IRS. I used this site's (claimyr.com) calling tool that dials the phone menu, stays on hold, waits for a live agent to pick up, then sends the call to my phone. It does cost $20, but it works. Here's a video about it: https://youtu.be/Jc9x-gysK0
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Yuki Kobayashi
•Sounds too good to be true. Has anyone else tried this?
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Ethan Moore
•I know it sounds sketchy, but I've used it twice now. Saved me hours of hold time.
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Carmen Vega
•20 bucks to avoid IRS hold music? Sign me up! 🎵💀
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QuantumQuester
Pro tip: If you filed last year, your 2022 tax return should have your 2023 AGI on it. Might save you some headache!
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Zara Mirza
•Oh man, I totally forgot about that! Thanks for the reminder, gonna check my 2022 return now.
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Andre Moreau
Anyone else feel like the tax system is deliberately complicated? 🤔 Like, why can't they just tell us what we owe instead of making us guess?
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Zoe Stavros
•Preach! 🙌 It's all a scheme to keep tax preparers in business, I swear.
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Jamal Harris
•Actually, there have been bills proposed to simplify the tax code, but they keep getting shot down. Look up the 'Tax Simplification Act' if you're interested.
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Mei Chen
Hey OP, don't forget to factor in any crypto gains or losses if you've been dabbling in that. It can make a big difference in your AGI.
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