Determining Your Annual Income

 

 

Adjusted Gross Income

(Line 37 of IRS Form 1040)                                                  

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Add: Money set aside for future use 

  • Tax-exempt pensions and annuities                                       
  • Tax-free income                                                         
  • Depreciation on rental property                                 
  • Other   
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Total Income

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Deduct: 

  • Nonreimbursed major medical expenses                    
  • Care of parent(s)                                                        
  • Costs of higher education                                          
  • Costs of child care 
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Total Deductions 

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Income to use in determining your pledge

(Adjusted Gross Income + Total Income

– Total Deductions)  
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