Per the IRS Education Provider Standards this course must be COMPLETED by 12/31/2028 to receive credits. NOTE: Go to My Professional Profile in your CCH CPELink account settings to ensure your name, and PTIN number; matches your PTIN card
This two-hour CPE course, which is the 11th in the 1040 Preparation and Planning series, covers types of tax credits, including refundable and nonrefundable tax credits; figuring each type of personal tax credit; which credits are reported directly on the return, and which must first be reported on Schedule 3 of Form 1040 and 1040-SR; and business tax credits.
Tax developments reflected in this course include the extensive changes effective for 2025 that were created by the One Big Beautiful Bill Act of 2025 (OBBB Act) and other tax legislation, as well as IRS pronouncements and court decisions. They impact 2025 tax year returns that will be filed during the 2026 filing season and refund opportunities for earlier years; as well as point the way to strategic planning in 2026 and beyond. This course brings the tax preparer "up-to-speed" in preparing 2025 tax returns for the 2025 filing season.
Publication Date: September 2025
Topics Covered
- Overview of Tax Credits
- Commonly Used Tax Credits
- Refundable Tax Credits
- Reporting Tax Credits on the Return
- Premium Tax Credit
- Earned Income Credit
- Child and Dependent Care Expenses
- Employment-Related Expenses
- Qualifying Child
- Credit for Child and Dependent Care Expenses
- Child Tax Credit
- American Opportunity and Lifetime Learning Credits
- Adoption Credit
- Retirement Savings Contributions Credit (Saver's Credit)
- Energy Credits for Homeowners
- Residential Clean Energy Credit
- Clean Vehicle Credits (EV's)
- Used Clean Vehicle Credit
- Mortgage Interest Credit
- Minimum Tax Credit
- Credit for the Elderly for the Disabled
- Foreign Tax Credit
- General Business Credit
- Rehabilitation Credit
- Work Opportunity Credit
- Employer Credit for FICA on Tips
- Tax Credit for Increasing Research Activities
- Low-income Housing Credit
- Disabled Access Credit
- Small Employer Pension Plan Startup Credit
- Auto-Enrollment Option in Retirement Plans Credit
- Other Retirement Plan-Related Credits
- Notice 2024-2
- Contributions Credit
- Business Energy Credits
Learning Objectives
- Identify how to distinguish between refundable and nonrefundable credits
- Explain how to figure each type of personal tax credit
- Determine where credits are reported on the tax return
- Identify business tax credits and understand the limitations under the general business credit
- Explain the concept of transferability
Level
Basic
Instructional Method
Self-Study
NASBA Field of Study
Taxes (2 hours)
Program Prerequisites
None
Advance Preparation
None
Instructors
Barbara Weltman
Barbara Weltman, JD, has written extensively on a wide variety of tax, small business, and financial planning matters for both professionals and the general public. The Wall Street Journal called her “the guru of small business taxes.” She is the author of a number of self-study programs for CCH. She is publisher of Big Ideas for Small Business® and Idea of the Day® found at www.BigIdeasForSmallBusiness.com and is a guest blogger for the SCORE and many other sites. Ms. Weltman is a graduate of Brooklyn Law School.
Greg White
Greg White, CPA, taught for 14 years as an adjunct professor for Golden Gate University. He’s admitted to practice before the United States Tax Court. He is a founder and shareholder, in WGN PS in Seattle, WA. He has been named a Top 50 IRS Representation Practitioner in the U.S. by CPA Magazine and has taught for a number of professional organizations. Greg enjoys the technical side of tax, but also likes to have fun in class.