This topic will help you identify taxpayers who may qualify to claim the following adjustments to income and how to report them:
- One-half of self-employment tax
- Penalty on early withdrawal of savings
- Alimony paid
- Jury Duty Pay given to their employer
You will also learn how to calculate a taxpayer's adjusted gross income (AGI) on Forms 1040A and 1040.
Upon completing this topic, you will be able to:
- Calculate adjustments to income
- Accurately report adjustments to income
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