The IRS published a new schedule for taxpayers to claim a wide range of tax benefits under the One Big Beautiful Bill Act (OBBB) for tax year 2025, the agency said in a March 2 statement.
The OBBB, signed into law by President Donald Trump last July, introduced tax deductions for various taxpayers—seniors, workers receiving tips or overtime pay, and individuals who pay interest on car loans. The IRS published Schedule 1-A, which can be used to claim these deductions when taxpayers file their annual returns on Form 1040.
