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How to Fill Out Schedule 1 Form 1040 for 2024 | 2025 Tax Season
Schedule 1 (Additional Income & Adjustments) is filed with a Taxpayer's Form 1040 to report other items of income and deductions that are not reported directly on Page 1 of Form 1040.
00:49 Example Fact Pattern
04:49: Schedule C
05:43: Royalty Income Schedule E
07:39: HSA Deductions with Form 8889
08:49: Deductible SE Taxes with Schedule SE
10:30: Traditional IRA Deduction
11:47: Student Loan Interest Deduction
In this video, we walk through some of the most common Schedule 1 income items.
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DISCLAIMER: The information provided in this video may contain information about tax, financial, and legal topics. Such materials are for informational purposes only and may not reflect the most current developments. These informational materials are not intended and should not be taken as tax, financial, or legal advice. You should contact an advisor to discuss your specific facts and circumstances. Self-help services may not be permitted in all states or jurisdictions. The use of these materials does not create an attorney-client or confidential relationship. This video does not include information about every topic or issue related to these informational materials.
#Form1040 #Schedule1 #Taxes2024
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