The IRS quietly released Schedule 1-A in July 2025 – a new tax form that could save you thousands, but most people don’t even know it exists.

Who Can Benefit:
• Service workers: Deduct up to $25,000 in reported tips
• Overtime workers: Deduct premium pay up to $12,500-$15,000
• New car buyers: Deduct up to $10,000 in loan interest (US-made only)
• Seniors 65+: Automatic $6,000 additional deduction

The Catch: Strict documentation requirements, income limits, and it expires in 2028.

I break down exactly who qualifies, what paperwork you need, and how much you could actually save on your 2025 taxes.

Mentioned In Todays Show:
– The article here: https://unionrayo.com/en/irs-schedule-1-a-form-deductions-taxpayers/
– Car Insurance Quote: https://www.anthonyoneal.com/carinsurance
– Get $1,000 FREE NVDA stock before Sept. 30th: https://www.anthonyoneal.com/moomoo

⚠️ Important: Always consult a tax professional for your specific situation. This is educational content, not personal tax advice.

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ABOUT ANTHONY ONEAL
Anthony Oneal is a nationally bestselling author, speaker, and host of The Table. He holds a Bachelor of Science in Finance & Banking and is a professor of Consumer Economics at Virginia Union University. Since 2014, he’s helped millions of people get out of debt, build wealth, and break generational poverty.

His mission is to help you maximize your income, eliminate debt, and create a life of freedom and legacy—without relying on credit cards or student loans.

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