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Adjustments for Self‑Employed Taxpayers

by Turquoise Tax Systems | Jun 17, 2026 | Individual Tax

100% Free Federal. $14.99 State. Direct IRS E-File. FreeTaxUSA.com Self‑employed individuals may claim several adjustments to income on Schedule 1 (Form 1040). These adjustments reduce AGI and are available to sole proprietors, independent contractors, partners, and...

Foreign Earned Income Exclusion & Foreign Housing Exclusion

by Turquoise Tax Systems | Jun 17, 2026 | Individual Tax

100% Free Federal. $14.99 State. Direct IRS E-File. FreeTaxUSA.com A U.S. citizen or resident alien is taxed on worldwide income, even while living abroad. However, qualifying taxpayers may exclude foreign earned income and certain foreign housing amounts. For 2025,...

Payments for Sickness, Injury, or Death

by Turquoise Tax Systems | Jun 17, 2026 | Individual Tax

100% Free Federal. $14.99 State. Direct IRS E-File. FreeTaxUSA.com Certain payments received because of sickness, injury, or death are excluded from income when they meet statutory requirements. The exclusions below frequently appear on the EA exam. Workers’...

Education‑Related Benefits

by Turquoise Tax Systems | Jun 17, 2026 | Individual Tax

100% Free Federal. $14.99 State. Direct IRS E-File. FreeTaxUSA.com Education benefits can be excluded from income when they meet specific statutory requirements. These exclusions apply to scholarships, savings bond interest, education savings accounts, qualified...

Military and Government Disability Pensions

by Turquoise Tax Systems | Jun 17, 2026 | Individual Tax

100% Free Federal. $14.99 State. Direct IRS E-File. FreeTaxUSA.com Certain disability pensions paid by government services are excluded from income when the disability is connected to active service. These exclusions apply to pensions, annuities, or similar allowances...
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