This course is designed for those interested to learn the basics of tax adjustments to income, how to use different tax forms and formats, the different terms, and the major adjustments to income.
Read more.Instructor
Robert (Bob) Steele CPA, CGMA, M.S. Tax, CPI
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Who this course is for:
- Finance professionals
- Business owners
- Accounting professionals
What you’ll learn:
- Major adjustments to income
- Learn the different terms to adjust income tax
- Use examples on different tax forms and formats
Requirements:Â
- No prior knowledge is required to take this course
This course will discuss the major Adjustments to Income. Other terms you may hear used for Adjustments to Income include Above the Line Deductions, or Deductions for Adjusted Gross Income.
The Adjustments to Income are available to taxpayers who do not itemize as well as to those that do.
We will discuss the major deductions and then demonstrate them using different formats including tax forms, an income tax formula, and tax software.
Our Promise to You
By the end of this course, you will have learned tax adjustments to income.Â
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Course Curriculum
| Section 1 - Introduction | |||
| Adjustments To Income | 00:00:00 | ||
| Section 2 - Student Loan Interest And Charitable Contributions | |||
| Student Loan Interest Part One | 00:00:00 | ||
| Student Loan Interest Part Two | 00:00:00 | ||
| Charitable Contributions If You Take the Standard Deduction Part One | 00:00:00 | ||
| Charitable Contributions If You Take the Standard Deduction Part Two | 00:00:00 | ||
| Section 3 - Half Of Self Employment Tax | |||
| Half Of Self-Employment Tax Part One | 00:00:00 | ||
| Half Of Self-Employment Tax Part Two | 00:00:00 | ||
| Section 4 - Self-Employed SEP, Simple, And Qualified Plans | |||
| Self-Employed SEP, Simple, And Qualified Plans Part One | 00:00:00 | ||
| Self-Employed SEP, Simple, And Qualified Plans Part Two | 00:00:00 | ||
| Section 5 - IRA Deduction | |||
| IRA Deduction Part One | 00:00:00 | ||
| IRA Deduction Part Two | 00:00:00 | ||
| Section 6 - Self-Employed Health Insurance Deduction | |||
| Self-Employed Health Insurance Deduction Part One | 00:00:00 | ||
| Self-Employed Health Insurance Deduction Part Two | 00:00:00 | ||
| Section 7 - Alimony Paid | |||
| Alimony Paid Part One | 00:00:00 | ||
| Alimony Paid Part Two | 00:00:00 | ||
| Section 8 - Certain Business Expenses of Reservists, Performing Artists, and Fee-Based Government Officials | |||
| Certain Business Expenses of Reservists, Performing Artists, and Fee-Based Government Officials Part One | 00:00:00 | ||
| Certain Business Expenses of Reservists, Performing Artists, and Fee-Based Government Officials Part Two | 00:00:00 | ||
| Section 9 - Other Adjustments to Income | |||
| Other Adjustments To Income | 00:00:00 | ||
| Tax Software Example – Other Adjustments To Income | 00:00:00 | ||
| Section 10 - Health Savings Accounts (HSA) | |||
| Health Savings Accounts (HSA) | 00:00:00 | ||
| Tax Software Example – Health Savings Accounts HSA | 00:00:00 | ||
| Section 11 - Comprehensive Problem | |||
| Student Loan Interest | 00:00:00 | ||
| Student Loan Interest – Tax Equation – Excel | 00:00:00 | ||
| Charitable Contributions If You Take The Standard Deduction Part One | 00:00:00 | ||
| Charitable Contributions If You Take The Standard Deduction Part Two | 00:00:00 | ||
| IRA Deduction | 00:00:00 | ||
| IRA Deduction – Tax Formula – Excel | 00:00:00 | ||
| Alimony Paid | 00:00:00 | ||
| Alimony Paid – Tax Formula – Excel | 00:00:00 | ||
| Educator Expenses | 00:00:00 | ||
| Educator Expenses – Tax Formula – Excel | 00:00:00 | ||
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