Rams 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 ...

Schedule 1-A Form: IRS offers details that will allow taxpayers to deduct tips, overtime, car loan, and senior deductions

The IRS is getting on with it quietly and rewriting a section of the tax playbook. This month, the agency published a draft ...

IRS Schedule 1-A explained: How to claim tax breaks for tips, overtime, car loans, and seniors

IRS: Learn how to claim new tax deductions available in the IRS Schedule 1-A, covering tips, overtime pay, car loans, and enhanced deductions for seniors.
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 enhanced senior deductions, following the OBBBA legislation.