Enterprise glossary and term center

Research and understand all the intricate terms and definitions that surround the ecosystem of enterprise resource planning (ERP), enterprise software and no-code tools.

Net Income - What is the net income on tax return?

AGI explained You may also see the term “net income” when filing income taxes. You can calculate it using information from your federal tax return. Take your taxable income listed on your Form 1040 (Line 10 for 2018) and then subtract your total tax (Line 15). The result is your net income based on your tax return.