Advisor Flipbooks

Schedule 1 (Form 1040) 2024 Page 2 Part II Adjustments to Income 11 Educator expenses . . . . . . . . . . . . . . . . . . . . . . . . . . . 11 12 Certain business expenses of reservists, performing artists, and fee-basis government officials. Attach Form 2106 . . . . . . . . . . . . . . . . . . . . . . . . 12 13 Health savings account deduction. Attach Form 8889 . . . . . . . . . . . . . . 13 14 Moving expenses for members of the Armed Forces. Attach Form 3903 . . . . . . . 14 15 Deductible part of self-employment tax. Attach Schedule SE . . . . . . . . . . . 15 16 Self-employed SEP, SIMPLE, and qualified plans . . . . . . . . . . . . . . . . 16 17 Self-employed health insurance deduction . . . . . . . . . . . . . . . . . . 17 18 Penalty on early withdrawal of savings . . . . . . . . . . . . . . . . . . . . 18 19a Alimony paid . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 19a b Recipient's SSN . . . . . . . . . . . . . . . . . . . . . . c Date of original divorce or separation agreement (see instructions): 20 IRA deduction . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 20 21 Student loan interest deduction . . . . . . . . . . . . . . . . . . . . . . 21 22 Reserved for future use . . . . . . . . . . . . . . . . . . . . . . . . . 22 23 Archer MSA deduction . . . . . . . . . . . . . . . . . . . . . . . . . 23 24 Other adjustments: a Jury duty pay (see instructions) . . . . . . . . . . . . . . 24a b Deductible expenses related to income reported on line 8l from the rental of personal property engaged in for profit . . . . . . . . 24b c Nontaxable amount of the value of Olympic and Paralympic medals and USOC prize money reported on line 8m . . . . . . . . . . 24c d Reforestation amortization and expenses . . . . . . . . . . . 24d e Repayment of supplemental unemployment benefits under the Trade Act of 1974 . . . . . . . . . . . . . . . . . . . . . . 24e f Contributions to section 501(c)(18)(D) pension plans . . . . . . . 24f g Contributions by certain chaplains to section 403(b) plans . . . . 24g h Attorney fees and court costs for actions involving certain unlawful discrimination claims (see instructions) . . . . . . . . . . . . 24h i Attorney fees and court costs you paid in connection with an award from the IRS for information you provided that helped the IRS detect tax law violations . . . . . . . . . . . . . . . . . . . 24i j Housing deduction from Form 2555 . . . . . . . . . . . . . 24j k Excess deductions of section 67(e) expenses from Schedule K-1 (Form 1041) . . . . . . . . . . . . . . . . . . . . . . . . 24k z Other adjustments. List type and amount: 24z 25 Total other adjustments. Add lines 24a through 24z . . . . . . . . . . . . . . . 25 26 Add lines 11 through 23 and 25. These are your adjustments to income. Enter here and on Form 1040 or 1040-SR, line 10, or Form 1040-NR, line 10a . . . . . . . . . . . . 26 Schedule 1 (Form 1040) 2024 Line 16. Self-employed SEP, SIMPLE, and qualified plans: Are taxpayers maximizing their opportunities to save for retirement from Schedule C or F, or from a pass-through activity reported on Schedule E? Line 20. IRA deduction: Are taxpayers entitled to take a deductible IRA contribution? If not, could they have done a Roth contribution? A nondeductible IRA can be made as long as the taxpayers have earned income; file Form 8606 to track basis.

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