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adjustments to income

Any of the amounts that a taxpayer is able to subtract from his or her gross income when they calculate their adjusted gross income. These adjustments are permitted even if the taxpayer does not itemize their deductions during a particular tax year. Investors are particularly interested in allowable adjustments for interest penalties on early savings withdrawals and payments into IRA and Keogh retirement plans.

Related information about adjustments to income:
  1. Tax Topics - Topic 450 Adjustments to Income
    Sep 11, 2012 ... The following topics are found in the category of Adjustments to Income. Each topic is followed by a topic number. To access your topic, select ...
     
  2. Adjustments to Income - Federal Tax Deductions
    These deductions are called adjustments to income since they "adjust" or reduce your income to arrive at your adjusted gross income. They are also called ...
     
  3. Adjustments to Income - Tax Glossary
    Definition of Adjustments to Income: certain expenses which directly reduce your total income.
     
  4. Adjustments to Income – Deductions for Everybody! | Fox Business
    Mar 31, 2011 ... Here's a look at the adjustments, available to almost all taxpayers, that can be used to minimize your tax liability.
     
  5. Adjustments to Income
    Directions for entering information into the Adjustments to Income Worksheet.
     
  6. Adjustments to Income - Financial Dictionary - The Free Dictionary
    In U.S. tax, deductions that reduce one's taxable income. When calculating a taxpayer's tax liability, one takes the amount of money he/she has made over the ...
     
  7. Adjusted gross income - Wikipedia, the free encyclopedia
    For United States individual income tax, adjusted gross income (AGI) is total gross income minus specific reductions. Taxable income is adjusted gross income ...
     
  8. Adjustments to Income vs. Adjusted Gross Income | Chron.com
    Relative to federal tax guidelines, total income minus adjustments equals adjusted gross income. In other words, subtract adjustments in the form of specific ...