Guides to the New Tax Deductions and 2027 Numbers
Each guide is built from IRS and Federal Register documents, shows its sources at the bottom, and links to the calculator that applies it.
- How the No Tax on Overtime Deduction WorksThe five steps from overtime pay to a Schedule 1-A deduction, with a worked example.
- What Counts as Qualified Overtime (FLSA Rules)What the FLSA requires, exempt vs. nonexempt workers, and why state-law overtime may not count.
- What Counts as Qualified TipsThe four tests for a qualified tip, service charges, tip pools, and gig workers.
- IRS List of 71 Tipped OccupationsAll 71 IRS-listed occupations with codes and examples.
- The $6,000 Senior Deduction ExplainedWho qualifies, the 6% phase-out, and how couples are treated.
- Car Loan Interest Deduction RulesVehicle, loan and income tests with edge cases.
- MAGI and Phase-Outs, Step by StepHow MAGI is built and where each of the four deductions reaches zero.
- How to Claim These Deductions on Schedule 1-ALine-by-line walkthrough of the new IRS schedule.
- Key Dates: 2025–2028 Deduction TimelineKey dates from the 2025 law to the 2026 and 2027 rules.
- 2027 Federal Tax BracketsIRS 2027 brackets for every filing status.
- 2027 Standard Deduction Amounts2027 standard deduction, the age-65 add-on, CTC and EITC.