Tax filing season is officially underway, and with it comes a new addition to the federal Form 1040. Schedule 1-A (Form 1040) is used for new deductions stemming from the One Big Beautiful Bill Act ...

On March 2, 2026, the Internal Revenue Service released Schedule 1‑A (Form 1040) and accompanying updates to the Form 1040 Instructions implementing several new individual tax deductions enacted under ...

Four new tax deductions are available on federal returns for eligible taxpayers whether they itemize deductions, such as claiming mortgage interest, or claim the standard deduction. All four big tax ...

Form 1040 is a federal income tax form that most people use yearly to report their tax information to the IRS. Taxpayers fill ...

Since the enactment of H.R. 1, the One Big Beautiful Bill Act, the Internal Revenue Service has announced that it will not be updating 2025 tax forms such as the W-2 and 1099s to reflect OBBBA changes ...

Tens of millions of taxpayers found themselves filing a brand new form called Schedule 1-A so far this tax season to claim some generous new tax breaks on their 2025 federal income tax returns. If you ...

Tens of millions of taxpayers are encountering a brand‑new tax form this filing season: Schedule 1‑A. It’s the key to unlocking some of the biggest new tax breaks available on 2025 federal income tax ...

A new tax form, Schedule 1-A, must be filed with 2025 returns to claim several new deductions. These new tax breaks include deductions for qualified tip income, overtime pay, and new car loan interest ...