![]() ![]() Schedule 1 - Additions to Income & Adjustments to Income Jump to a specific Schedule (location) by clicking below or just scroll down. Major topics will be discussed in this section but the biggest change is the Form 1040’s new look.īelow is a brief introduction to these new Schedules. TCJA also added a new deduction that most of our Schedule C clients will be eligible for called the Qualified Business Income Deduction.Īll changes are outlined on Link & Learn, in Pub 4491, and Pub 4012. PLUS! There are no 1040As and no more 1040EZs.Ģ017 Tax Cuts and Jobs Act (TCJA) made significant changes to the Child Tax Credit, the Additional Child Credit and added a new credit called Other Dependents Credit. It’s a Postcard! Many of the seldom used lines from the prior year Form 1040 have been offloaded to a suite of new Schedules. ![]() Significant changes you are going to notice ![]()
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