Description
EAs and Other Tax Preparers, after passing the exam you MUST click on the link “GET YOUR CERTIFICATE” to have your hours reported to the IRS.
Federal tax law requires that various limits be adhered to in the preparation of tax returns, and such limits may change from year to year based on an inflation adjustment or on other factors. Included in those changes for 2026 are individual tax rates, standard mileage rates, standard deductions and various other limits.
This chapter will examine these changes for 2026 and will offer some context within which they apply.
Chapter Learning Objectives
Upon completion of chapter 1, you should be able to:
• Identify the individual income tax rate changes affecting taxpayers;
• Calculate the standard mileage deductions for –
o Use of a personal vehicle for business purposes,
o Use of a personal vehicle to obtain medical care, and
o 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,
To complete this course participants need to: Read the material provided and answer chapter review questions, successfully complete the qualified assessment with a minimum of 70% accuracy to receive your certificate. Clicking on the Certificate link will show the course as 100% Complete
A course evaluation form is provided for your feedback and participants have 1 year from the date of purchase/enrollment to complete this course. .
Our Refund policy can be found at: https://cpeprime.com/cancellation-and-refund/
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