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.
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
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.