The IRS has released drafts of some 2025 tax forms, including the new Schedule 1-A, Additional Deductions. You’ll use Schedule 1-A to calculate new deductions for tips, overtime, car interest, and ...
The Internal Revenue Service has posted a draft version of Schedule 1-A, "Additional Deductions," for Form 1040 that will be used next tax season when claiming new tax breaks in the One Big Beautiful ...
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IRS adds new schedule 1-A for 2025: Deductions for tips, overtime, car loans, and seniors
The IRS has rolled out an early draft of Schedule 1-A, a new form that will need to be filed with 2025 federal income tax returns. The form is tied to the recently passed One Big Beautiful Bill Act ...
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IRS Schedule 1-A explained: How to claim tax breaks for tips, overtime, car loans, and seniors
IRS: Taxpayers looking to claim some of the new deductions tucked into the recently passed One Big Beautiful Bill Act will need to prepare for extra paperwork. The Internal Revenue Service has ...
IRS says lenders can offer an online portal to buyers for spotting total amount of interest paid on new car loans in 2025. Borrowers who took out a car loan in 2025 will need to file a new Schedule ...
The Internal Revenue Service (IRS) has recently released the updated Schedule 1 tax form and instructions for the years 2023 and 2024. TRAVERSE CITY, MI, US, January ...
Wondering how the new mega tax law will affect your paycheck and taxes? Some of the answers lie in the new W-2 form employees will start getting for tax year 2026. The new forms show how new laws, ...
Plus: Lost refund checks, new addresses at the IRS, Taxpayer Assistance Centers are closing, gambling and the IRS, tax compliance and naturalization, tax filing deadlines, tax trivia and more. Quick ...
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IRS gives details on what lenders need to do for 2025 new car loan interest tax deduction
Transitional guidance released by the IRS on Oct. 21 gives auto lenders room for avoiding penalties when it comes to ...
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