Additional Tax Deductions based on Schedule 1-A

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Schedule 1-A lists the tip income, overtime pay, car loan and enhanced senior deductions.

Above the line Deductions or adjustments to Income as listed on Schedule 1. These are Additional Deductions to Standard Deductions.

Qualifications for the Auto Loan Interest Deduction starting in tax year 2025 and for 2026, 2027 and 2028. Type of Vehicle, Income Limits.

Schedule 1-A part of Form 1040 includes these Additional Deductions. Tips, Overtime, Car Loan Interest, Senior Deductions based on your MAGI

Tax Exempt on Overtime Pay. Details on how tax exemption and deductions work after the tax reform in 2025 when you file taxes in 2026.

Does Tip Income Count As Taxable Income? Tip Tax Deduction of maximum $25,000 for tax years 2025, 2026, 2027 and 2028. Details are here.

IRS Standard Tax Deduction Amounts for Tax Year 2025. The eFile Tax App Will Apply the Amounts for You. Should Apply Itemized Deduction Method.

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