Identify the individual income tax rate changes affecting taxpayers;

Calculate the standard mileage deductions for –

• Use of a personal vehicle for business purposes,
• Use of a personal vehicle to obtain medical care, and
• Charitable use of a personal vehicle;

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 including-

• Deduction for State and Local Taxes (SALT Deduction),
• Tip deduction,
• Tax on overtime,
• Car loan interest deduction;
• Clean Energy Incentives,
• Bonus Depreciation,
• Research and Development expenses,
• Sustainable Aviation Fuel Credit, and
• Limitation of Business Interest;

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 that –

• Increase the Child Tax Credit;
• Provide for tax deductions for –
  • tip income,
  • overtime pay,
  • new car loan interest; and
• Eliminate certain clean energy incentives.