4 new deductions could lower your tax bill. What to know.

New IRS Schedule 1-A for 2025 introduces 4 new deductions for tips, overtime, car loan interest and seniors. These changes ...
Newsd

IRS Introduces Schedule 1-A to Claim Deductions on Tips, Overtime and Car Loans

The new form focuses on deductions related to tips, overtime pay, car loan interest, and benefits for seniors. These changes were created under a law called H.R. 1, P.L. 119-21, which is also known as ...
Hosted on MSN

IRS Form 1040 has updates before the October 15 deadline

If you requested an automatic six-month extension to file your federal tax return using Form 4868, your new deadline is Wednesday, October 15, 2025. That extra time can help you organize your ...
Forbes

What To Know About Estimated Tax Payments, Including A Recent IRS Address Change

Ready to mail your third-quarter estimated tax payment? Mailing addresses for some Forms 1040-ES have changed. Here’s what you need to know about estimated tax payments—and where to mail them. With ...
Hosted on MSN

The 1040-SR secret: A senior tax rule the IRS doesn't exactly promote

Let's be real. When was the last time you heard the IRS actively marketing a tax form designed specifically for seniors? Form 1040-SR was mandated by Congress through the Bipartisan Budget Act of 2018 ...