The IRS is expected to release a new version of Form 1040 and Form 1040-SR for the 2025 tax year, along with instructions that will specify exactly where this new deduction should be reported. TurboTax will also update their programs to handle this new deduction automatically. It should show up as a distinct line item on the tax form(same area where the standard deduction appears) or figured on a worksheet based on IRS guidance.
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