adjustment to income
A term to know.
This is a deduction that is subtracted from gross income to determine adjusted gross income. This deduction is available, even if a taxpayer does not itemize deductions. Examples include: permissible IRA and qualified plan contributions, and medical insurance premiums paid by a sole proprietor.
Synonyms:
adjustments to income
Synonyms list
(a comma-separated list)
adjustments to income