Qualified tip amount included in Form 1099-NEC, box 1; Form 1099-MISC, box 3; or Form 1099-K, box 1a.

Jan 7, 2026 · Schedule 1-A is an IRS form used to calculate and claim four tax deductions created by the “ One Big Beautiful Bill ” (also known as the Working Families Tax Cut). It was created to provide …

Jan 6, 2026 · The One Big Beautiful Bill Act created tax breaks covered by IRS Schedule 1-A. Learn more about how to lower your tax bill in this guide!

Oct 20, 2025 · The IRS has released a draft of Schedule 1-A (Form 1040) – a new form designed to simplify reporting of several deductions created by the One Big Beautiful Bill Act (OBBBA).

Oct 27, 2025 · Schedule 1-A consolidates four worker-focused deductions into one place. If you earn tips, work overtime, financed a personal vehicle, or are 65+, there’s real opportunity here—but the …

IRS Schedule 1-A Instructions 2025 - If you're filing your 2025 federal income tax return, you might encounter a brand-new form: IRS Schedule 1-A (Form 1040).

Sep 15, 2025 · Schedule 1-A is designed to calculate several new additional deductions, ultimately consolidating them into a single entry on Form 1040. Many of these deductions include Modified …

Important note: Schedule 1A is currently in draft form, and official IRS instructions have not yet been released. This video reflects the form as currently published.

What is Schedule 1-A Additional Deductions? Schedule 1-A is a new IRS form introduced for 2025 tax returns. It allows eligible taxpayers to claim four new deductions created by the One Big Beautiful Bill …

Schedule 1-A (Form 1040) is used to claim new deductions related to qualified tip income, overtime pay, car loan interest, and other specific tax breaks introduced recently. It supplements the main Form …