Tens of millions of taxpayers found themselves filing a brand new form called Schedule 1-A so far this tax season to claim some generous new tax breaks on their 2025 federal income tax returns. If you ...

On March 2, 2026, the Internal Revenue Service released Schedule 1‑A (Form 1040) and accompanying updates to the Form 1040 Instructions implementing several new individual tax deductions enacted under ...

A new tax form, Schedule 1-A, introduces four new deductions for the 2025 tax year. All four write-offs are "below-the-line" deductions, which reduce taxable income but not adjusted gross income. Each ...

The IRS published a new schedule for taxpayers to claim a wide range of tax benefits under the One Big Beautiful Bill Act (OBBB) for tax year 2025, the agency said in a March 2 statement. The OBBB, ...

The IRS has published Schedule 1-A and its related instructions for tax year 2025 so eligible taxpayers can claim tax breaks on tips, overtime, and auto loans, as well as the enhanced deduction for ...

Tens of millions of taxpayers are encountering a brand‑new tax form this filing season: Schedule 1‑A. It’s the key to unlocking some of the biggest new tax breaks available on 2025 federal income tax ...

A new tax form, Schedule 1-A, must be filed with 2025 returns to claim several new deductions. These new tax breaks include deductions for qualified tip income, overtime pay, and new car loan interest ...