Course Details
COURSE
Annual Tax Law Update
Prepare for the 2026 tax season with this indispensable course that breaks down the One Big Beautiful Bill (OBBBA), the most significant individual tax legislation since the 2017 reform.
$57.00
- Time: 2 Hrs
- Level: Intermediate
- Certificate: Upon passing the test
INFORMATIVE CONTENT
Course Classification:
– Category: Federal Tax Law Update (U).
– Credits: 2 IRS Continuing Education Hours.
– Provider: EZ Tax To Go LLC (Provider Number GFLRH).
Summary Description:
Prepare for the 2026 tax season with this indispensable course that breaks down the One Big Beautiful Bill (OBBBA), the most significant individual tax legislation since the 2017 reform. This comprehensive program will provide you with the practical tools to apply the new deductions, understand which TCJA-era provisions have become permanent, and master the annual inflation adjustments to maximize your clients’ benefits.
What will you learn in this course?
– TCJA Permanency: Understand how the permanent extension of tax rates, standard deduction amounts, and the QBI deduction eliminates long-term tax planning uncertainty.
– New “Above-the-Line” Deductions: Correctly apply the attractive new deductions for qualified tips (up to $25,000), the premium portion of overtime pay, and interest on US-assembled vehicle loans.
– Benefits for Seniors: Determine eligibility for the new temporary deduction of up to $6,000 ($12,000 for married filing jointly) exclusively for taxpayers aged 65 and older.
– Changes to Charitable Contributions: Master the new donation rules, which include a deduction of up to $1,000 ($2,000 for joint returns) for non-itemizers taking the standard deduction, and a new 0.5% of AGI floor for those who itemize their deductions.
– Credits and Forms Updates: Apply the Child Tax Credit increase to $2,200, the new refundable portion of the Adoption Credit (up to $5,000), and the new reporting thresholds for Forms 1099-NEC ($2,000) and 1099-K.
– New Planning Strategies: Become familiar with the new child savings vehicles (known as “Trump Accounts”) and recalculate the Alternative Minimum Tax (AMT) using the newly lowered phase-out thresholds.
Enroll today to update your knowledge, implement a systematic screening framework in your client interviews, and offer top-tier professional service during this historic tax season!
