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 ...

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 ...
Accounting Today

IRS releases draft Schedule 1-A for tips, overtime and more

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 ...
MyCentralJersey

New IRS Schedule 1-A may be required for 2025 tax breaks

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 ...