Total Gross Income
Your total gross income is your taxable income from all sources, reduced by any adjustments you can take. Here are the most common income and adjustment items.

Income:

• Wages

• Interest

• Dividends

• Alimony received

• Business income or loss

• Capital gain or loss

• Taxable IRA and pension distributions

• Rental income or loss

• Unemployment compensation

• Taxable Social Security

Adjustments:

• IRA contribution (up to $3,000 per person, $3,500 if age 50 or above)

• Teachers' classroom expenses (up to $250)

• Student loan interest (up to $2,500)

• Health insurance expenses (up to 100% of premiums if self-employed)

• Self-employed SEP/SIMPLE/Keogh contributions

• Alimony paid

• Higher Education expenses (up to $3,000)

Please include all taxable income items and all items you can take as an adjustment, even if not listed above. For more help estimating your income and deductions, please use our Ask a Tax Advisor service or contact an H&R Block tax professional near you.