How seniors can boost tax refunds with new deduction on 2025 returns

Social Security benefits remain taxable on federal income tax returns. But many older adults can save money with new enhanced ...
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 ...
Hosted on MSN

New IRS Form for Deductions: What Taxpayers Need to Know for 2025

The Internal Revenue Service (IRS) is introducing a new form, Schedule 1-A, to streamline the process of claiming deductions for tips, overtime, auto loan interest, and senior benefits. This ...
FinanceBuzz on MSN

14 tax forms you must understand before filing a return

Preparing for tax season can be overwhelming. However, understanding the key forms you'll encounter can help avoid tax debt ...
Hosted on MSN

IRS Schedule 1-A explained: How to claim tax breaks for tips, overtime, car loans, and seniors

IRS: Taxpayers looking to claim some of the new deductions tucked into the recently passed One Big Beautiful Bill Act will need to prepare for extra paperwork. The Internal Revenue Service has ...