Adjustments to Income

Adjustments to Income

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This intermediate course will discuss the adjustment to income section on Form 1040. Adjustments are expenses that reduce the taxpayer’s total income. Adjustments are also identified as “above the line” tax deductions.

At the end of this lesson, the student will be able to do the following:

  • Understand how an adjustment to income can decrease the taxpayer’s AGI.
  • Explain the differences between tuition and fees deduction and education credits.
  • Define who qualifies for a student loan deduction.

Field of Study: Federal Tax Law 1 Hour
Course Level: Intermediate
Prerequisite: General tax preparation knowledge is required.
Delivery Method: Self-Study

 

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