CFP

By Investopedia AAA

Income Tax Fundamentals and Calculations - Adjustments

Adjustments
The "adjustments" or "deductions" to gross income are taken directly against gross income to determine Adjusted Gross Income (AGI), they are listed on lines 23-35 on the front page of the tax return Form 1040.


Common "Adjustments" to Total Income:

  • Education expenses
  • Health savings account deduction
  • Moving expenses
  • One-half self-employment tax
  • Contributions to self-employed retirement plans
  • Self-employed health insurance deduction
  • Alimony paid
  • IRA contribution deductions
  • Student loan interest deduction
  • Tuition and Fees deduction
GROSS INCOME – ADJUSTMENTS = ADJUSTED GROSS INCOME (AGI)

Standard / Itemized Deductions

You May Also Like

Related Articles
  1. Trading Strategies

    You'll Lose Profits Without This Trading ...

  2. Investing

    Are You An Investor Seeking For More ...

  3. Investing

    Ready To Invest In Financial Leverage ...

  4. Trading Strategies

    How To Approach Momentum Trading Like ...

  5. Options & Futures

    How To Protect A Short Position With ...

Trading Center