The Internal Revenue Service is taking steps to make sure taxpayers and tax preparers can reflect OBBBA changes in 2025 tax returns.
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IRS Schedule 1-A explained: How to claim tax breaks for tips, overtime, car loans, and seniors
IRS: The IRS is introducing Schedule 1-A for 2025 tax returns, offering new deductions for qualified tips, overtime pay, car loan interest on new, U.S.-assembled vehicles, and an enhanced deduction ...
Taxpayers face a learning curve for figuring out how key tax deductions in the mega tax bill will work when they file 2025 ...
IRS is developing a new Schedule 1-A to use to claim new deductions for tip income, overtime pay, car loan interest and new tax break for those 65 an older. IRS and Treasury give new guidance on what ...
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