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
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