Schedule B (Form 1040)
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Schedule B (Form 1040)
A step by step example of how to fill out a simple Schedule B (Form 1040). Brought to you by businessaccountant.com
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You need to know about these OBBB tax updates before you file: → A deduction of up to $25,000 of qualifying tips that phases out for higher earners. → A deduction of up to $12,500 (or $25,000 filing jointly) for qualifying overtime pay that phases out for higher-income filers. → A deduction of up to $10,000 in eligible interest paid on a loan for a vehicle that meets all qualifying criteria; this deduction also phases out for higher earners. → Higher standard deductions an additional senior dedu
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