Adjustment

Description and Definition of Adjustment

An adjustment is a reduction of your income for expenses, such as IRAs, up to $1,000 of interest on higher education loans, alimony, medical savings accounts, job-related moving expenses, any penalty paid on the early withdrawal of savings, the deduction for 50% of the self-employment tax, and SIMPLE and Keogh deductions.

Resources

See Also

Further Reading

• Adjustment in the West's Tax Law Dictionary
• Adjustment in “A Dictionary of Taxation”