Adjusted gross income, or AGI, is what is calculated right before you take either your itemized deductions or the standard deduction. The lower your AGI is, the lower your taxable income will be, and therefore the lower your taxes will be! Obviously, everyone wants to pay less in taxes, and reducing your AGI is really the biggest and best way to lessen your tax burden. Increasing contributions to your deferred compensation (457b) retirement plan is a great way to do this. Put more money into your own future instead of giving it to Uncle Sam! If you’re interested in increasing your contributions, or starting a deferred compensation account please reach out to Zach in Human Resources for more information.