New IRS Schedule 1-A for 2025 introduces 4 new deductions for tips, overtime, car loan interest and seniors. These changes could lower your tax bill.
The IRS recently released a draft version of Form 8825 and its instructions, revealing a few changes to what’s required. One ...
The Internal Revenue Service (IRS) is introducing a new form, Schedule 1-A, to streamline the process of claiming deductions for tips, overtime, auto loan interest, and senior benefits. This ...
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IRS Form 1040: The schedules that changed this 2025
The IRS Form 1040 is the primary document used by taxpayers in the United States to file their annual income tax returns. It serves as a comprehensive summary of your financial year, detailing all ...
The enhanced deduction for seniors applies on 2025 tax returns to adults born before Jan. 2, 1961.
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