New
Two Year Comparison for 2025 - MAGI/Additional Deductions Should Be Shown
The new Schedule 1-A items do not flow over to the 2 year comparison--- absent from the "Two-Year Comp" in the forms in use pane as well as the standard diagnostics/analysis that print with the return.
I believe it would be beneficial to have modified adjustments to income displayed as well as the: "qualified tips deduction", "qualified overtime compensation deduction", "qualified passenger vehicle loan interest deduction", and the "enhanced deduction for seniors" listed on the 2 year comps and the tax analysis. It should be done in a manner similar to how the itemized deductions are displayed.
Many clients will be looking for these new deductions when reviewing their 2025 tax results.
