Adjustments are certain expenses which can directly reduce your total taxable income. These items are not included as Itemized Deductions and can be entered independently.
Adjustments include:
- Medical Savings Account, Form 8853
- Educator Expenses
- Expenses for Reservists, Performing Artists, and Qualifying Government Employees
- Health Savings Account, Form 8889
- Moving Expenses (only for military service members after 2017)
- Contributions to SEP, Simple and Qualified Plans
- Self-Employed Health Insurance
- Penalty on Early Withdrawal on Savings or CD
- Alimony Paid (divorce decree prior to 2019)
- IRA Deduction
- Nondeductible IRAs
- Student Loan Interest Deduction (1098 E)
- Tuition and Fees Deduction (1098-T expired in 2018)
- Domestic Production, Form 8903 (expired)
- Other Adjustments
For more information regarding these adjustments, please see our KB article.