October 19th, 2026

2026 Federal Tax Update: Individual

Speaker: Shelli Huston

Schedule of Events
Lecture Starts: 10:00am CST, 11am EST, 8am PST
Periodic breaks will be provided
Lecture ends at 5:30pm CST, 6:30pm EST, 3:30pm PST

Course Description – Day 1 Individual

The “One Big Beautiful Bill Act was signed into law July 4th 2025. If you’re looking for a fall 1040 update that includes the latest legislation, you’re in the right place. This session is built to reflect all changes impacting 2026 individual tax returns, including updates to rates, deductions, credits, and planning strategies.
Whether you’re preparing returns, advising clients, or updating internal processes, this course will help you apply the new rules with clarity and confidence. Registrants can expect current, practical guidance tailored to the most significant tax law shift in years—delivered in time for year-end planning.

Learning Objectives:
At the end of this course, you will be able to Prepare Form 1040 based on 2026 tax law changes
1. Identify updated tax rates, brackets, and standard deduction amounts
2. Apply revised rules for key credits, including the Child Tax Credit and EITC
3. Address changes to income inclusion, exclusions, and phaseouts
4. Recognize updates to itemized deductions including SALT and medical expenses
5. Analyze QBI changes and health-related tax rules for individuals
6. Implement effective year-end planning strategies
7. Communicate major changes from the new legislation to clients and team members

Major Topics: 
– Federal tax reform: what passed in 2025/26 and what it changes
– Individual rate changes, bracket shifts, and inflation adjustments
– Revised deductions: standard vs. itemized
– Credit updates: Child Tax Credit, EITC, and other incentives
– Phaseouts and thresholds under the new law
– QBI updates for pass-through income
– ACA-related and health tax provision changes
– Planning strategies for year-end 2026
– Preparer guidance for compliance under the new rules
– Talking to clients about what’s different this filing season
– The no tax on tips rules and W-2 reporting compliance
– The no tax on overtime rules W-2 compliance
– Social Security tax breaks for Senior Citizens 65+

To complete this course participants need to: Be present the day of the event

Upon course completion a course evaluation form is provided for your feedback.

CPE Prime is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors.  State boards of accountancy have final authority on the acceptance of individual courses for CPE credit.  Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website:  www.nasbaregistry.org

Our Refund Policy can be found at: https://cpeprime.com/cancellation-and-refund/

Printed manuals Available for $65.00 or you can order them directly from U of I Tax School at https://taxschool.illinois.edu/workbooks/ for $147.46 + Shipping