DESCRIPTION
This module introduces all the potential adjustments that are reported as Adjustments to Income before arriving at Adjusted Gross Income (AGI). The module progresses through each category of Adjustments to Income, pausing for a case study and an exercise.
LEARNING OBJECTIVES
- Identify taxable income items reported on Form 1040 Schedule 1 Part I.
- Identify the benefits of reducing Adjusted Gross Income.
- Identify Tax deductions that can be reported on Form 1040 Schedule 1 Part II.
