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OLT supports all major IRS forms and schedules needed to file a complete federal tax return for tax year 2025. This includes Form 1040, Form 1040-SR for seniors, and Form 1040-NR for nonresident aliens.

OLT also supports Schedule A (itemized deductions), Schedule B (interest and dividends), Schedule C (business income), Schedule D (capital gains), Schedule E (rental and royalty income), Schedule SE (self-employment tax), and the new Schedule 1-A for 2025 deductions on qualified tips, overtime pay, car loan interest, and the enhanced senior deduction.

Additional forms include Schedule 8812 for the Child Tax Credit, Form 8962 for the Premium Tax Credit, Form 8863 for education credits, and Form 1099-series reporting for interest, dividends, and contractor income.

Tax year 2025 introduces several important changes that OLT automatically applies when you file. The new Schedule 1-A allows taxpayers to claim deductions for qualified tips (up to $25,000), qualified overtime compensation, car loan interest on passenger vehicles, and an enhanced deduction for seniors born before January 2, 1961 (up to $6,000 per person or $12,000 for married filing jointly).

The Child Tax Credit has increased to $2,200 per qualifying child, with the Additional Child Tax Credit maximum set at $1,700. The SALT deduction cap has risen to $40,000. Digital asset sales are now reported by brokers using the new Form 1099-DA. The maximum income subject to Social Security tax is $176,100 for 2025. The filing deadline for most taxpayers is April 15, 2026.

OLT.com supports a wide range of tax situations for U.S. taxpayers, including:

W-2 Employees — File your taxes easily and securely with OLT and get the maximum refund you deserve.

Self-Employed & Freelancers — OLT handles Schedule C, self-employment tax (Schedule SE), and all 1099-NEC and 1099-K reporting with ease.

Retirees — Report Social Security benefits, pensions, and IRA withdrawals. OLT calculates taxable portions automatically.

Families — Claim the Child Tax Credit (up to $2,200 per child for 2025), Earned Income Credit, and dependent care credits.

Investors — Report stock sales, cryptocurrency transactions, dividends, and capital gains on Schedule D.

Rental Property Owners — Report rental income, claim depreciation, and track property expenses on Schedule E.

Students — Claim education credits like the American Opportunity Credit and Lifetime Learning Credit.

Small Business Owners — OLT includes Schedule C and all business forms to cover your self-employment income.

Filing with OLT.com is a straightforward online process. First, create a free account at OLT.com. Then enter your personal information, import or manually enter your W-2s and 1099 forms, and follow the guided step-by-step interview that walks you through income, deductions, and credits.

OLT calculates your estimated refund or amount owed in real time before you submit. When you are ready, OLT e-files your return directly with the IRS as an authorized e-file provider. Refunds are typically deposited into your bank account within 21 days of IRS acceptance.

The Premium Edition adds phone and live chat support, audit assistance, year-over-year return comparison, and priority processing for $7.95 per return.

OLT provides a comprehensive Tax Knowledge Base at kb.olt.com with detailed articles, form-by-form guides, and educational content covering every aspect of federal and state tax filing.

Topics include a complete Form 1040 filing guide, the new Schedule 1-A deductions for 2025, guides to the Child Tax Credit (Schedule 8812), reporting interest income (Form 1099-INT), understanding additional taxes (Schedule 2), and state-specific tax resources for all 50 states. You can also visit the OLT Tax Corner for seasonal tips, tax news, and deadline reminders. For personalized tax advice, consult a licensed tax professional.