Draft 2025 Form 1040 Schedule

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AUTHOR: Rick Connor on 9/17/2025

The IRS released a draft Form 1040 and the new Schedule 1-A for 2025. It shows calculations for the new some OBBBA deductions, including the No Tax on Tips, Overtime, Car Loan Interest, and the Enhanced Senior Deduction.

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Edmund Marsh

2 months ago

Thanks, Rick. Great service!

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Rick Connor

2 months ago

Thanks to all who have read and commented. Here is the link to the IRS’ Draft Tax Form site. There are almost 7 pages of draft forms released since the signing of the OBBBA.

parkslope

2 months ago

Thanks, Rick. Given that many of us on HD are seniors I thought I would add the link to the draft of 1040-SR.
https://www.irs.gov/pub/irs-dft/f1040s–dft.pdf

Author

Rick Connor

2 months ago

Reply to parkslope

thanks

Andrew Forsythe

2 months ago

Thanks, Rick. I see there’s now a check box for QCDs. And if memory serves, Bill Perry said QCDs are also going to be indicated on 1099s from brokers. Those new additions, at least, are welcome.

Author

Rick Connor

2 months ago

Reply to Andrew Forsythe

Andrew, here is the link to the 2025 draft 1099-R. Box 7, Code Y is for QCDs. I’ve also seen the following from AI:

Box 7 (Distribution Code(s)): This box will contain Code Y, often in combination with other codes:
Y7: Used for a normal distribution that qualifies as a QCD.
Y4: Used for a death distribution that qualifies as a QCD.
Taxpayer’s responsibility: Despite the new code, you must still indicate the QCD amount on your Form 1040 to exclude it from your taxable income.

Stay tuned.

Andrew Forsythe

2 months ago

Reply to Rick Connor

Thanks, Rick.

Dave Melick

2 months ago

Rick: thanks for sharing these forms. Any idea when this draft version will be replaced by the version that will be used for tax season?

Author

Rick Connor

2 months ago

Reply to Dave Melick

Dave, from what I can tell the official forms are typically released in late fall.

Dave Melick

2 months ago

Reply to Rick Connor

Thanks. I like to “practice” on the draft forms to get prepared for the real deal.

Dan Smith

2 months ago

Thanks Rick, I’ve been looking for this. The 1040 is as long probably as it’s ever been, and Schedule 1, which didn’t exist before 2017, is nearly 2 pages long. It looks like tax preparers don’t need to worry about extinction any time soon.

Author

Rick Connor

2 months ago

Reply to Dan Smith

It also gives the VITA volunteers something to do over the winter!

Dan Smith

2 months ago

Reply to Rick Connor

I am looking forward to my 2nd year.

William Perry

2 months ago

Reply to Dan Smith

What? In 2018 Treasury Secretary Steven Mnuchin said the 1040 “will be a postcard, as we’ve promised, and hard-working taxpayers won’t have to spend as much time filling out their taxes.”

Thankfully we have 1040-SR for us senior citizens which has larger print. The tax software I have used in the past defaults to the 1040-SR if the taxpayer or spouse was age 65 or older. I did have to hunt for a while to override to use the default 1040.

Dan Smith

2 months ago

Reply to William Perry

Indeed, one beautiful piece of paper, LOL.
The senior version was already into a 3rd page, the changes might overflow to a 4th.

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Bogdan Sheremeta

2 months ago

Thanks for sharing Rick!

Author

Rick Connor

2 months ago

Reply to Bogdan Sheremeta