Everything you need to know about the new IRS Schedule 1-A tax breaks

The new Schedule 1-A is part of the Form 1040 for federal tax returns. Learn what it is, how to fill it out — and if you ...

New IRS form Schedule 1‑A required to claim 2025 tax breaks

Millions of taxpayers are using a new IRS form to claim deductions for tips, overtime, car loan interest and seniors. What is ...
JD Supra

IRS Releases Schedule 1‑A Providing Reporting Framework for New “No Tax” Deductions Affecting Employers and Auto Lenders

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 ...
Forbes

A First Look At The New Tax Form For Claiming Deductions For Tips, Overtime, Car Interest And Seniors

Wondering what tax reporting might look like under the One Big Beautiful Bill Act (OBBBA)? The IRS has released drafts of some 2025 tax forms (that you’ll file in 2026), including a draft of the new ...

Ask the editor, March 6: Questions on the senior deduction and tax filing

In this week's Ask the Editor Q&A, Joy Taylor answers questions on the new $6,000 senior deduction and how to claim it on your tax return.

The tax forms retirees are receiving in 2026 and what they're for

Knowing what forms you're getting and why is important so you can ensure that you and your tax preparer have what's needed to ...

What Are Individual Tax Returns, and How Do They Work?

An individual tax return is a government form that reports all income for the previous year and any taxes due on it.