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 ...

Tax filing season is officially underway, and with it comes a new addition to the federal Form 1040. Schedule 1-A (Form 1040) is used for new deductions stemming from the One Big Beautiful Bill Act ...

Four new tax deductions are available on federal returns for eligible taxpayers whether they itemize deductions, such as claiming mortgage interest, or claim the standard deduction. All four big tax ...