02/03/2026
The One Big Beautiful Bill Act (OBBBA) introduced several new deductions that taxpayers can claim even without itemizing on their returns. Since existing federal tax forms couldn’t handle these changes, the IRS has rolled out a new form for the 2025 tax year: Schedule 1-A (Form 1040), Additional Deductions, to properly report them. You’ll need to fill out Schedule 1-A and include it with your return if you qualify for any of these:
No Tax on Tips
No Tax on Overtime
No Tax on Car Loan Interest
Enhanced Deduction for Seniors (age 65+)
Some of these require detailed info like income proof, job details, loan records, or age verification to back up your claims. Mistakes or missing info could slow down processing or reduce your deduction, so teaming up with a tax pro can make a big difference—especially if that pro is me! Give me a call or send a message and let’s chat.