Adjustment
Adjustment
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English Legal System: Adjustment
In the context of the English law, A Dictionary of Law provides the following legal concept of Adjustment:
1. The determination of the amount due under a policy of insurance.
2. The working out by an average adjuster of the rights and liabilities arising in a case of general *average.
United States Tax Concept of Accrued Interest Adjustment
The Accrued Interest Adjustment is an adjustment that reduces your taxable interest income by any interest that you reported and paid tax on as it was earned.
United States Tax Concept of Adjustment
An adjustment is a reduction of your income for expenses, such as IRAs, up to $1,000 of interest on higher education loans, alimony, medical savings accounts, job-related moving expenses, any penalty paid on the early withdrawal of savings, the deduction for 50% of the self-employment tax, and SIMPLE and Keogh deductions.
Adjustment