The New Tax Breaks Field GuideExpert Edition
Tips, overtime, car loan interest, and seniors, tax years 2025 to 2028.
The four deductions created in July 2025, read line by line from the IRS's own Schedule 1-A: who qualifies, who is shut out, exactly how each one shrinks as income rises, what changed on the 2026 Form W-2, and the records that hold up if the IRS asks.
33 pages · 7 chapters · 4 figures · 4 worksheets
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Three pages, unedited.
The cover, the contents, and a page from the book exactly as you will receive it. Tap any page to enlarge it.
Written for you if
- Tipped workers, employed or self-employed, in an occupation on the Treasury list.
- Hourly employees paid overtime under the Fair Labor Standards Act, including anyone filing for 2026, when only W-2 box 12, code TT counts.
- Buyers who financed a new vehicle after 2024 and want to know whether the loan interest qualifies.
- Taxpayers 65 and older, and married couples in which one or both spouses qualify for the senior deduction.
Chapter by chapter.
- 01
Four Deductions, One New Schedule
What the four share: one new schedule, one income figure that controls every phaseout, and the rounding rules on the form that change real dollars.
- 02
No Tax on Tips
Which tips qualify, which occupations count, why an automatic service charge never does, the self-employed limit, and what changed on the 2026 W-2.
- 03
No Tax on Overtime
The exact slice of overtime pay that is deductible, who is excluded, the 2025 shortcut, and the stricter 2026 rule.
- 04
Car Loan Interest
The six tests a vehicle and loan must pass, what part of a financed purchase counts, refinancing and trade-ins, and the phaseout's round-up rule.
- 05
The Senior Deduction
Who qualifies by birth date, how the $6,000 stacks with the existing standard deduction for seniors, and how couples come out.
- 06
Filing, Records, and the Mistakes That Cost Money
A walk through Schedule 1-A from top to bottom, the records for each deduction, and the errors most likely to cost you the deduction.
- 07
The Quick Reference Vault
The four deductions side by side, the phaseout formulas, and what never counts, designed to be printed.
Four worksheets close the book: a tip log with your occupation code, overtime figured one week at a time, a car loan qualification check, and a Schedule 1-A estimator. Answers to every check-yourself question, a glossary, and the complete source list follow.
The IKE standard.
Read line by line from the form
The mechanics come from the 2025 Schedule 1-A itself, IRS fact sheets and Notice 2025-69, the August 2026 overtime FAQs, the final tipped-occupation regulations, and the 2026 Form W-2 and Form 1098-VLI instructions.
Shows its arithmetic
Every worked example runs through the actual Schedule 1-A lines, including the rounding that runs down for tips and overtime and up for car loan interest.
What changed for 2026
The new W-2 entries for tips and overtime, why only box 12, code TT counts for 2026 overtime, and why a substitute form cannot fix a wrong W-2.
Honest about limits
The 2026 Schedule 1-A was not available in October 2026. The guide says so, uses the 2025 lines, and marks the points to check against the 2026 form.
Built to use
4 figures, a records checklist for each deduction, the mistakes that cost money, four worksheets, and a printable quick reference.
Specs and terms.
- Format
- PDF, US Letter, live source links
- Length
- 33 pages, 7 chapters
- Inside
- 4 figures, 4 worksheets, glossary, complete source list
- Tax years
- 2025 to 2028. Sources verified October 2026.
- Covers
- US federal income tax. State income tax is not covered.
- Price
- $14 USD, one-time purchase
- Delivery
- Instant PDF download on a private page right after checkout, plus a copy by email
What this is. An educational reference. It is not legal, tax, financial, credit, or investment advice, and it does not create a professional relationship. Rules change; each figure in this edition carries the date it was verified against its official source. For advice on your situation, consult a licensed professional.
Covers US federal tax rules as verified on the date shown inside. State rules differ. Interstellar Kinetics does not prepare returns; confirm with a CPA, enrolled agent, or tax attorney before you file.
Your license. One purchase covers one person, for your own learning or your own business. You may print a copy for yourself. Please do not share, resell, upload, or use this file to train AI models. Terms.
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The New Tax Breaks Field Guide
33 pages · 7 chapters · 4 figures · 4 worksheets. $14, instant download.