09/26/2026
There are several new tax deductions you may not want to overlook.
Thanks to changes enacted, eligible taxpayers may be able to claim new deductions for:
💵 Qualified tips — up to $25,000
⏰ Qualified overtime — up to $12,500 ($25,000 for married couples filing jointly)
🚗 Qualified car loan interest — up to $10,000
👵 Additional deduction for seniors age 65+ — up to $6,000 per eligible taxpayer
These deductions have specific eligibility requirements and income limitations, and they may be available whether you itemize or take the standard deduction.
A new Schedule 1-A was created for taxpayers claiming these deductions and is attached to the 2025 Form 1040, 1040-SR, or 1040-NR.
The takeaway: Tax law changes can create opportunities—but only if you know what applies to you and have the documentation to support it.
Before you file, talk with your tax professional about how the 2025 tax changes may affect your return.
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https://wernercpa.net/