Internal Revenue Service United States Department of the Treasury
Level Basic Advanced Military International

Adjustments to Income

Summary and Exercises

Summary

In this lesson, you learned how to identify and work with these adjustments to income:

  • Deductible portion of self-employment tax
  • Penalty on early withdrawal of savings
  • Alimony paid
  • IRA deduction
  • Student loan interest deduction
  • Jury Duty Pay turned over to the taxpayer's employer

An optional specialty course on health savings accounts is available on Link & Learn Taxes for volunteers with a Basic certification or higher.

If you believe a taxpayer could benefit from an adjustment that is out of scope and was not covered in this lesson, encourage the taxpayer to consult a professional tax preparer.

This lesson explained how tax software provides easy access to electronic worksheets you will use for adjustments and performs many of the calculations.