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.
The IRS on Friday released a draft of Schedule 1-A (Form 1040), a single form that consolidates the calculations of the four ...
The IRS is getting on with it quietly and rewriting a section of the tax playbook. This month, the agency published a draft ...
IRS rolls out Schedule 1-A for 2025, adding new deductions for tips, overtime, car loans on U.S.-made vehicles, and enhanced breaks for seniors.
A, Additional Deductions. You’ll use it to calculate new deductions for tips, overtime, car interest, and seniors.
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