04/03/2026
The IRS added a brand new form this year β and your preparer might not know it exists.
It's called Schedule 1-A. And it could mean hundreds β or thousands β of dollars back in your pocket.
Here's what it covers:
π‘ No Tax on Tips β If you earned tips in 2025, up to $25,000 is now excluded from federal income tax. This is brand new from the One Big Beautiful Bill Act.
π‘ No Tax on Overtime β Up to $12,500 in overtime pay is also now excluded.
These changes took effect for the 2025 tax year. That means your 2025 return β due April 15 β should reflect them.
Did yours?
If you filed already: you may need to amend. If you haven't filed yet: we need to talk before April 15.
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