Adjustments to Income

This is where you can enter any adjustments you can make to your 2007 estimated income including:

  • deductible IRA contributions

  • tuition and fees deduction

  • deductible Student Loan interest paid

  • medical savings account deduction

  • health savings account deduction

  • unreimbursed moving expenses related to your work

  • 100% of health insurance premiums paid for 2007, if self-employed when neither you nor your spouse (if married) have wage income from an employer who provides health insurance

  • contributions to self-employed Keogh, SEP, SIMPLE, and qualified plans

  • penalty on early withdrawal of savings

  • alimony paid

  • jury duty pay turned over to your employer (if you included it in total wages)

  • qualified performing arts-related expenses

  • forestation or reforestation amortization

  • repayment of sub-pay under Trade Act of 1974

  • expenses from rental of personal property

  • expenses of fee-based official

  • chaplain's contribution to 403(b) plan