New BBB Course!
Stay ahead of the curve—enroll now to master the One Big Beautiful Bill Act and confidently guide your clients through its sweeping tax changes.
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Are you a California CNA?
Each year, various limits impacting income tax return preparation and tax planning are affected by inflation-related changes. In addition, various new tax laws may be passed. This course will examine many of those changes. The Annual Tax Filing Season Update course discusses new tax law and recent updates for the 2026 filing season, including the retroactive provisions of the One Big Beautiful Bill Act (OBBBA), impacting 2025 income. In addition, it provides a general tax review, and examines important rules governing tax return preparer ethics, practices and procedures.
Course Publication Date: October 01, 2025
This course is available with NO ADDITIONAL FEE if you have an active self study membership or all access membership or can be purchased for $90.00!
| Author: | Paul Winn |
| Course No: | TAX-TAXUPDATE26-3145 |
| Recommended CPE: | 9.00 |
| Delivery Method: | QAS Self Study |
| Level of Knowledge: | Overview |
| Prerequisites: | None |
| Advanced Preparation: | None |
| Recommended Field of Study: | Taxes
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Learning Objectives
- Identify the inflation and cost of living adjustments to various federal limits.
- Comprehend the 2025 individual taxpayer changes resulting from passage of the One Big Beautiful Bill Act (OBBBA), impacting 2025 income including the deduction for State and Local Taxes (SALT Deduction.
- Comprehend the 2025 individual taxpayer changes resulting from passage of the One Big Beautiful Bill Act (OBBBA), impacting 2025 income including the exclusion of tip income.
- Comprehend the 2025 individual taxpayer changes resulting from passage of the One Big Beautiful Bill Act (OBBBA), impacting 2025 income including the exclusion of overtime pay.
- Comprehend the 2025 individual taxpayer changes resulting from passage of the One Big Beautiful Bill Act (OBBBA), impacting 2025 income including the car loan interest deduction.
- Recognize the applicable optional standard mileage rates.
- Describe the Third Party Network Transaction reporting requirements.
- Identify the salient features of the Direct File Pilot Program.
- Recognize the SECURE 2.0 Act provisions affecting catch-up contribution rules.
- Recognize the SECURE 2.0 Act provisions affecting increased age of eligibility for the onset blindness or disability for qualified ABLE programs effective for tax years beginning after 12/31/2025.
- Describe the criteria for filing as qualifying surviving spouse.
- Identify those items included in a taxpayer’s taxable earnings.
- Determine the tax treatment of foreign accounts and trusts.
- Apply the rules governing contributions to and distributions from various retirement accounts.
- Describe the reporting and taxability of unemployment compensation.
- Determine the tax treatment of business income and expenses.
- Distinguish between the actual expense method and simplified method of figuring the home-office deduction.
- List the expenses normally deductible by taxpayers using a home for business purposes who use the actual expense method.
- Recognize the limits applicable to a home-office deduction.
- Distinguish between a hobby and a business for tax purposes.
- Recognize various property depreciation eligibility requirements and limits.
- List the factors considered in determining the tax treatment of capital gains and losses.
- Identify standard deduction eligibility and amounts.
- Determine the eligibility for and limits applicable to the moving expense deduction.
- Understand the recordkeeping and documentation requirements applicable to the claiming of deductions.
- Recognize the eligibility requirements for various tax credits.
- Describe the eligibility requirements for and limits applicable to education credits.
- Determine the eligibility for, and amount of, the Earned Income Tax Credit.
- Recognize modifications to the Energy Efficient Home Improvement Credit.
- Identify changes to the Residential Clean Energy Property Credit.
- Describe the Clean Vehicle Credit changes under the One Big Beautiful Bill Act (OBBBA).
- Identify the rules governing the income tax treatment of virtual currency events and transactions.
- Recognize the aggregation rules applicable to the §199A deduction.
- Identify the trades or businesses considered specified service trades or businesses (SSTBs) that may be ineligible for the pass-through deduction.
- Recognize the eligibility requirements for the Premium Tax Credit.
- Describe the rules governing HSA and MSA eligibility and contribution limits.
- Recognize the options available to a taxpayer for paying any income tax due or receiving an income tax refund.
- Identify the due dates of income tax returns.
- Identify the red flags indicating possible tax-related identity theft and suggested assistance to its victims.
- Understand the laws and regulations requiring privacy and security of taxpayer data and the best practices tax preparers may implement to help assure it.
- Describe the purpose of individual taxpayer identification numbers, their effect on tax credits and how to renew them.
- Recognize the penalties applicable to a tax return preparer under Title 26.
- Identify the due diligence requirements imposed on tax return preparers with respect to claiming head of household filing status, EITC, CTC and AOTC.
- Understand the e-file requirements.
- Recognize the Annual Filing Season Program requirements.
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