Each year, various limits affecting income tax preparation and planning change. Some changes commonly occur each year as a result of inflation indexing, while others occur because of new legislation or the sunsetting of existing law. This course will examine the tax changes affecting 2026as a result of passage of the SECURE Act 2. 0, the retroactive provisions of the One Big Beautiful Bill Act (OBBBA) impacting 2025 and 2026 income, and the inflation-changed limits effective for 2026 that are more significant from the perspective of an income tax preparer. Some context will be supplied, as appropriate, to assist readers in understanding the changes.
Course Publication Date:
April 04, 2026
This course is available with
NO ADDITIONAL FEE if you have an active
self study membership or
all access membership!
| Author: | Paul Winn |
| Course No: | TAX-FEDINC-620142 |
| Recommended CPE: | 3.00 |
| Delivery Method: | QAS Self Study |
| Prerequisites: | None |
| Advanced Preparation: | None |
| Recommended Field of Study: | Taxes
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Learning Objectives
Identify the individual income tax rate changes affecting taxpayers;
Calculate the standard mileage deductions
Identify the 2026 standard deduction amounts available to taxpayers;
Describe the tax changes resulting from passage of the One Big Beautiful Bill Act (OBBBA) impacting 2026 income
Recognize the changes made to the alternative minimum tax exemption amount for 2026;
Apply the tax-free United States savings bond income limits for taxpayers who paid qualified higher education expenses in 2026;
Calculate the tax-deductible premiums for and tax-free benefits received under qualified long-term care insurance contracts;
Determine the amount of assets that may be passed tax-free at death; and
Identify the qualified business income (QBI) threshold amount.
Calculate the retirement savings contribution credit available to eligible taxpayers;
Recognize the rules and income limits applicable to eligibility for the earned income credit; and
Apply the adoption credit rules.
Health flexible spending arrangement contribution limits;
Small business health care tax credit; and
Large employer shared responsibility provision.
Recognize the eligibility rules applicable to Archer MSAs and HSAs;
Calculate the maximum contributions that may be made to an Archer MSA;
Apply the tax treatment rules to contributions to and distributions from Archer MSAs and HSAs;
Calculate the traditional IRA tax deduction available to a taxpayer who is an active participant in an employer-sponsored retirement plan; and
Recognize the MAGI limits that apply to a taxpayer’s eligibility to make a Roth IRA contribution.
Identifying the provisions designed to expand retirement plan coverage and increase retirement savings;
Describing the provisions designed to enable plan participants to preserve their retirement income;
Listing the provisions that simplify retirement plan rules; and
Identifying those provisions designed to enhance federal revenue.
Recognize the new standard deduction amounts;
Describe the new maximum state and local tax (SALT) deduction;
Describe the new senior deduction;
Explain the provisions of OBBBA.