Quick Take: What Is a Tax Transcript and Why Do You Need One? In short, a tax transcript shows basic data and line items such as adjusted gross income, AGI, or other taxable income, as well as FICA ...

If you want to file your taxes for free, you first need to qualify. To figure that out, you need to know your adjusted gross income, also called your AGI. Your AGI might not be the same number as your ...