What ADJUSTMENT TO INCOME means: An expense that may be deducted even if the taxpayer does not itemize deductions. Adjustments to income are subtracted from gross income to arrive at adjusted gross income.
- Definition Advance Payments:
- Dictionary Advance payments are prepayments for services or goods. They generally are includible in gross income upon receipt for both accrual- and cash-basis taxpayers adjustment to income definition.
- Definition Advance Earned Income Credit:
- Dictionary Payment by an employer based on an employee's claim to entitlement to the earned income credit. Advance earned income credit payments are treated as additional taxes on the tax return adjustment to income explain.
- Definition Average Basis:
- Dictionary A method of figuring basis that can be used only for sales of regulated investment company (including mutual fund) shares. The taxpayer can choose either the single-category or double-category method adjustment to income what is.
- Definition Accrual Method Of Accounting:
- Dictionary common methods of accounting, the other being the cash method. Under the accrual method of accounting, income is reported in the tax year earned, whether or not received, and deductions are claimed adjustment to income meaning.
How works Adjustment to Income meaning in Tax definitions A .
