New IRS form Schedule 1‑A unlocks 4 major tax deductions for 2025

Millions of taxpayers are using a new IRS form to claim deductions for tips, overtime, car loan interest, and seniors. What is Schedule 1-A?

IRS adds Schedule 1-A form for 2025, miss it and you could lose tax breaks

Schedule 1-A is a new tax form for 2025 that many people must file to get extra tax benefits. It includes deductions for ...
Detroit Free Press

New IRS form lets taxpayers claim 2025 deductions on tips, overtime pay, car loan interest

IRS is developing a new Schedule 1-A to use to claim new deductions for tip income, overtime pay, car loan interest and new tax break for those 65 an older. IRS and Treasury give new guidance on what ...
Forbes

The Fall Into Tax Season With New Forms And Numbers Edition

Quick confession: This is my favorite time of year. I love all of it. In Pennsylvania, the leaves are just starting to turn colors. It’s turning cooler which means that I can open the windows and dig ...
Forbes

6 Above-The-Line Tax Moves For Those Who Claim The Standard Deduction

Forbes contributors publish independent expert analyses and insights. I share strategies for getting ahead financially and building wealth. CHICAGO - NOVEMBER 1: Current federal tax forms are ...