2025 IRS Form 1040 Draft: Big Changes & OB3 Deductions You Need to Know скачать в хорошем качестве

2025 IRS Form 1040 Draft: Big Changes & OB3 Deductions You Need to Know

The IRS has released the draft version of the 2025 Form 1040, and it’s filled with changes that impact taxpayers, tax pros, and preparers alike. In this video, Chris Picciurro, CPA, walks through the key updates, including: • New questions for dependents, digital assets, and tip income • Enhanced clarity for retirement distributions like rollovers and QCDs • New checkboxes for capital gains reporting • A brand-new line (13B) tied directly to OB3 provisions like: • No tax on tips • No tax on overtime • Car loan interest deduction These deductions aren’t itemized, and they aren’t above-the-line—they’re now reconciled on the new Schedule 1A, which we cover in a separate video. 👀 Whether you’re a DIY taxpayer or a full-time pro, you need to see what’s changed before the 2025 season hits. 🎥 OB3 Video Playlist:    • One Bill Beautiful Bill Act (OB3A)   🔔 Subscribe for updates:    / @teachingtaxflow   ⸻ ⏱️ CHAPTERS: 00:00 – Intro: 2025 Form 1040 Draft Released 00:14 – New Top Section for Deceased Taxpayers & Combat Zones 00:22 – Changes in Dependent Area & Credit Eligibility 00:35 – Digital Asset Question Still Present 00:45 – New Income Area Fields: Kiddie Tax & Child Dividends 01:02 – Retirement Plan Clarifications: Rollovers, QCDs, PSOs 01:26 – W-2 Income: Tip Reporting & Dependent Care 01:40 – Schedule D Checkbox for Simpler Filings 01:53 – Line 13B & OB3 Deductions (Tips, Overtime, Car Loans) 02:20 – What Schedule 1A Will Handle 02:38 – Final Thoughts: Don’t Assume It’s Getting Easier