HelenC12
Expert Alumni

Get your taxes done using TurboTax

It's hard to come up with adjustments after the year has ended. One would have been to harvest or take investment losses.

 

Below is a list of adjustments to income on form Schedule 1 (Form 1040):

  • Educator expenses, 
  • Certain business expenses of reservists, performing artists, and fee-basis government officials.
  • Health savings account deduction,
  • Moving expenses for members of the Armed Forces,
  • Deductible part of self-employment tax,
  • Self-employed SEP, SIMPLE, and qualified plans,
  • Self-employed health insurance deduction,
  • Penalty on early withdrawal of savings, 
  • Alimony paid,
  • IRA deduction, 
  • Student loan interest deduction,
  • Tuition and fees deduction. 
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