premiums and retirement plan contributions. IRA contribution deductions. Important New Update: Schedule 1-A
or loss (typically paired with a Schedule C download). Rental real estate or royalty income. Taxable state and local tax refunds .
For taxpayers needing to report non-wage income or claim "above-the-line" deductions, obtaining a is a critical step in the federal filing process. Form 1040 Schedule 1, titled "Additional Income and Adjustments to Income," is used to capture financial details that do not fit on the simplified main page of your Form 1040 . Direct Downloads: Current and Prior Years
This section allows you to claim "above-the-line" deductions, which reduce your Adjusted Gross Income (AGI) regardless of whether you itemize or take the standard deduction: Student loan interest (up to $2,500). Educator expenses (up to $300 for K-12 teachers). Health Savings Account (HSA) contributions.
: Use this for income earned during the 2024 calendar year.
Beginning with the 2025 tax year, the IRS introduced . This new attachment is specifically for claiming four new deductions established by recent legislation: IRS (.gov) 2025 Schedule 1 (Form 1040) - IRS
Schedule 1 is mandatory if you have specific types of income or adjustments. It is divided into two primary sections:
: Required for late filings or amendments for the 2023 tax year.
