 Income tax 2021-2022. Penalty on early withdrawal of savings and alimony paid. Get ready to get refunds to the max. Diving into income tax 2021-2022. Most of this information can be found in the Form 1040 Instructions Tax Year 2021 found on the IRS website, irs.gov, irs.gov. Income tax formula focused on the adjustments to income, which you might hear being called the above the line deductions, the Schedule 1 deductions, the deduct deductions for adjusted gross income, keeping them separate in our mind from the other deductions, standard deductions, and the itemized deductions. First page of the Form 1040. We're looking at Line 10. Adjustments to income from Schedule 1. Here is Schedule 1. Part number 2 focused on Line 18. Penalty on early withdrawal of savings. Not something that you're going to see too much, but if you see.