The IRS on Friday released a draft of Schedule 1-A (Form 1040), a single form that consolidates the calculations of the four ...
A, Additional Deductions. You’ll use it to calculate new deductions for tips, overtime, car interest, and seniors.
"No tax on tips" in Trump's so-called "One Big Beautiful Bill" starts in 2025 and expires in four years. It covers only the premium part of OT.
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