This lesson covers the Adjusted Gross Income (AGI) section of the tax return. Taxpayers can subtract certain expenses, payments, contributions, fees, etc. from their total income. The adjustments subtracted from total income on Form 1040 establish the AGI.
Line items under the Adjusted Gross Income section of the tax return are Basic, Intermediate, Military, or out-of-scope topics. This lesson will cover the Basic and Intermediate topics.