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2026 Tax Filing Season Update

  • ITEM SKU
    8510
  • CPE Hours
    8
  • Full Course Price
    $64.50
Exam Questions: 40
Course Level: Basic
Pages: 206 | Content: 188, Supplemental: 18
NASBA Area of Study: Taxes
Not Acceptable for: N/A
Version: 8510

Each year, income tax return preparation is affected by inflation-related changes to various limits and new tax laws. This course is designed to provide valuable information to persons preparing individual 1040 income tax returns reflecting clients’ 2025 income. The course: a) examines new tax law and changes in various limits that reflect inflation, b) provides a general tax review, and c) discusses important rules governing tax return preparer practices, procedures, and professional responsibility. *PLEASE NOTE: This course is NOT registered to satisfy the IRS’ voluntary AFSP. In addition, course content is similar to that in #8505 - Federal Income Tax Changes Summary - 2025; therefore, we recommend that you should not take both courses in the same CPE period. All course material provided. No prerequisites. Course level: Basic.

EA Program Approval Number: ZX34G-T-00649-25-S

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Course Information

Table of Contents
  • New Tax Law/Recent Updates
  • General Income Tax Review I
  • General Income Tax Review II
  • General Income Tax Review III
  • General Income Tax Review IV
  • General Income Tax Review V
  • Practices, Procedures, and Professional Responsibility
Objectives
  • To identify the inflation and cost of living adjustments to various federal limits
  • To recognize the applicable optional standard mileage rates
  • To recall the Third Party Network Transaction reporting requirements
  • To identify the salient features of the Direct File Pilot Program
  • To recognize the SECURE 2.0 Act provisions affecting
    - Catch-up contribution rules, and
    - Increased age of eligibility for the onset of blindness or disability for qualified ABLE programs effective for tax years beginning after 12/31/2025
  • To recognize the criteria for filing as qualifying surviving spouse
  • To identify those items included in a taxpayer’s taxable earnings
  • To identify the tax treatment of foreign accounts and trusts
  • To recall the rules governing contributions to and distributions from various retirement accounts
  • To recall the reporting and taxability of unemployment compensation
  • To recall the tax treatment of business income and expenses
  • To recognize the difference between the actual expense method and simplified method of figuring the home-office deduction
  • To identify the expenses normally deductible by taxpayers using a home for business purposes who use the actual expense method
  • To recognize the limits applicable to a home-office deduction
  • To recognize the difference between a hobby and a business for tax purposes
  • To recognize various property depreciation eligibility requirements and limits
  • To recognize the factors considered in determining the tax treatment of capital gains and losses
  • To identify standard deduction eligibility and amounts
  • To recognize the eligibility for and limits applicable to the moving expense deduction
  • To recall the recordkeeping and documentation requirements applicable to the claiming of deductions
  • To recognize the eligibility requirements for various tax credits
  • To recall the eligibility requirements for and limits applicable to education credits
  • To recall the eligibility for, and amount of, the Earned Income Tax Credit
  • To recognize modifications to the Energy Efficient Home Improvement Credit
  • To identify changes to the Residential Clean Energy Property Credit
  • To identify income-based EV tax credit limitations
  • To identify the special rules applicable to a previously-owned clean vehicle
  • To recognize the Clean Vehicle Credits authorized under the Inflation Reduction Act
  • To identify the rules governing the income tax treatment of virtual currency events and transactions
  • To recognize the aggregation rules applicable to the §199A deduction
  • To identify the trades or businesses considered specified service trades or businesses (SSTBs) that may be ineligible for the pass-through deduction
  • To recognize the eligibility requirements for the Premium Tax Credit
  • To recall the rules governing HSA and MSA eligibility and contribution limits
  • To recognize the options available to a taxpayer for paying any income tax due or receiving an income tax refund
  • To identify the due dates of income tax returns
  • To identify the red flags indicating possible tax-related identity theft and suggested assistance to its victims
  • To recall the laws and regulations requiring privacy and security of taxpayer data and the best practices tax preparers may implement to help assure it
  • To recall the purpose of individual taxpayer identification numbers, their effect on tax credits and how to renew them
  • To recognize the penalties applicable to a tax return preparer under Title 26
  • To identify the due diligence requirements imposed on tax return preparers with respect to claiming head of household filing status, EITC, CTC and AOTC
  • To recognize the e-file requirements
  • To recognize the Annual Filing Season Program requirements

PLEASE NOTE: CPE credit measurement is based on NASBA Registry and QAS guidelines of one credit for every 50 minutes. Credit calculation may vary in different states — check with your State Board of Accountancy. Unless otherwise noted in the specific course description, no advanced preparation is required in order to register or complete any PES CPE course. Use of materials or services provided by Professional Education Services, LP ("PES") are governed by the Terms and Conditions stated on PES' website www.mypescpe.com. PES provides these courses with the understanding that it is not providing any accounting, legal, or other professional advice and assumes no liability whatsoever in connection with its use. PES has used diligent efforts to provide quality information and material to its customers, but does not warrant or guarantee the accuracy, timeliness, completeness, or currency of the information contained herein. Ultimately, the responsibility to comply with applicable legal requirements falls solely upon the individual licensee, not PES. PES encourages you to contact your state Board for the latest information and to confirm or clarify any questions or concerns you have regarding your duties or obligations as a licensed professional.