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 ...

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 ...

Taxpayers who want to claim some attractive new income tax deductions that were packed into the One Big Beautiful Bill Act will need to keep their records — and get ready to file yet another form to ...

A new tax form, Schedule 1-A, introduces four new deductions for the 2025 tax year. All four write-offs are "below-the-line" deductions, which reduce taxable income but not adjusted gross income. Each ...

The IRS published Schedule 1-A (Form 1040), Additional Deductions, along with updated instructions for Form 1040, U.S. Individual Income Tax Return, that explain how taxpayers can claim the new ...

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 ...