The IRS has unveiled a draft of the new Schedule 1-A form, set to simplify claiming deductions for tips, overtime, auto loan interest, and senior benefits. As part of the OBBBA, this form aims to ease ...
MiBolsilloColombia on MSN
IRS launches new form for 2025 deductions, including tips and overtime pay
The IRS introduces Schedule 1-A for 2025, letting you deduct qualified tips, overtime pay, vehicle loan interest, and ...
A, Additional Deductions. You’ll use it to calculate new deductions for tips, overtime, car interest, and seniors.
Spartans Wire on MSN
New IRS form lets taxpayers claim 2025 deductions on tips, overtime pay, car loan interest
Taxpayers face a learning curve for figuring out how key tax deductions in the mega tax bill will work when they file 2025 tax returns next year.
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