The forms at a glance
One tile per form page, showing the change that matters most on that form.
- Form 1040 changes for tax year 2025
Standard deduction, joint (line 12e)
$31,500
- Form 1040 changes for 2026: what the draft shows
New line
12f, charity for non-itemizers
- Schedule 1-A: the new home for four deductions
Deductions on the schedule
4
- Schedule A changes for tax year 2025
Line 5e SALT limit
$40,000
- Schedule A changes for 2026: the draft, line by line
Line 5e SALT limit (draft)
$40,400
- Schedule C changes for tax year 2025
Business standard mileage rate, 2025
70 cents a mile
- Schedule D changes for 2025: digital assets get their own codes
New digital asset codes
G, H, I, J, K and L
- Schedule E changes for landlords, tax year 2025
Rental mileage rate, 2025
70 cents a mile
- Schedule F changes for farm clients, tax year 2025
Section 179 limit, 2025
$2,500,000
- Schedule SE changes: the 2025 wage base and the 2026 draft
2025 maximum subject to social security tax
$176,100
- Schedule 8812 changes for 2025: the credit rises and the SSN rule tightens
Child tax credit per child
$2,200
- Form 1040-ES for 2026: the changes that move estimates
Standard deduction 2026, joint
$32,200
- Forms 8995 and 8995-A: what changed for 2025
Form 8995 threshold, joint
$394,600
- Form 8995 for 2026: a new line for the minimum deduction
Minimum QBI deduction from 2026
$400
- Form 4562 changes for 2025, and what the 2026 draft adds
Section 179 limit, 2025
$2,500,000
- Form 2441 for 2026: a higher credit rate and a bigger exclusion
Line 21 exclusion limit, 2026 draft
$7,500
- Form 5695 for 2025: the last year for the home energy credits
Credits end for expenditures after
December 31, 2025
- Form 8936 for 2025: when a vehicle counts as acquired
No credit for vehicles acquired after
September 30, 2025
- Form 8962 changes for 2025, and the bigger change coming in 2026
New for 2025
Coverage month rule
- Form 8889 for 2025: telehealth no longer breaks HSA eligibility
HSA limit, self-only / family, 2025
$4,300 / $8,550
- Form 4547: the Trump account election, line by line
Pilot contribution per eligible child
$1,000
- Form 1065 and Schedule K-1 changes for 2025
New K-1 codes
13X, 20AZ, 20ZZ
- Form 1120 changes for 2025
Minimum late-filing penalty (over 60 days)
$525
- Form 1120-S and Schedule K-1 changes for 2025
New line 17d codes
BA and ZZ
- Form 1041 changes for estates and trusts, tax year 2025
20% capital gain rate starts above
$15,900
- Form 709 for 2025: gift tax returns can now be e-filed
Annual exclusion, 2025
$19,000
- Form 706 for 2026 decedents: the $15 million exclusion
Basic exclusion amount, 2026 decedents
$15,000,000
- Form 6765: Section G becomes required after 2025
Section G required for tax years beginning
After 2025
- Form 3800 changes for 2025: transfer elections move onto the form
New on page 1
Item B, transfer elections
- Form 941 changes for 2026
Social security wage base, 2026
$184,500
- Form 940 changes for 2025
FUTA wage base per employee
$7,000
- Form W-2 changes for 2026: new codes for tips, overtime and Trump accounts
New box 12 codes
TP, TT, TA
- Form W-4 for 2026: the deductions worksheet is where the change is
Senior amount on worksheet lines 3a/3b
$6,000 each
- Form 1099-NEC changes for 2026: three new boxes and a new threshold
Threshold for 2026 payments
$2,000
- Form 1099-MISC changes for 2026
Threshold for most 2026 payments
$2,000
- Form 1099-K changes for 2026: tips get their own boxes
New boxes
1c cash tips, 1d occupation code