Nicole Teigen

🧾 What’s Changing on Your 2025 Tax Return (Form 1040)?

The IRS draft is out and the One Big Beautiful Bill Act (OBBB) is bringing some BIG updates. Here’s what you need to know:

✨ Bigger Standard Deduction
More income shielded from taxes = a slightly lower bill for many.

📊 More Detailed Income Reporting
Separate lines for tips, household income, adoption benefits & more = better records required.

📝 New Schedule 1-A
Track extra deductions like student loan interest & charitable giving.

👨‍👩‍👧 Child & Dependent Credits
Still available, but harder to qualify especially if your income is higher.

💻 Crypto Question
Yes, the IRS is asking (again) and you must answer.

💡 Bottom line:
More detail. More paperwork. More chances to save but also more complexity.

💰 Expect tax prep fees to rise. You're paying for accuracy, compliance & savings.

📅 Ready to plan early? Book your 2025 tax prep at 👉 http://futurefortuneenterprise.com