Adjustments to Income
Common Adjustments
Adjustments, sometimes called 'above-the-line deductions,' reduce gross income regardless of whether the taxpayer claims the standard deduction or itemizes deductions.
- Traditional IRA contributions (if eligible).
- Health Savings Account (HSA) contributions.
- Self-employed health insurance deductions.
- Student loan interest (subject to limitations).
- Certain educator expenses.
- Self-employment tax deduction.
Note
Many adjustments are subject to eligibility requirements and income limitations.
Summary
Above-the-line adjustments reduce AGI and may increase eligibility for additional tax benefits.