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, the eighth in the series, examines adjustments to gross income, including deductions that don’t require itemizing; HSAs; IRA deductions; tax treatment of alimony, child support, and property settlements; and how to arrive at adjusted gross income.
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, IRS pronouncements, and court decisions, are extensive. 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 2026 filing season.
Publication Date: September 2025
Topics Covered
- Adjusted Gross Income Section
- Items Deductible from Gross Income
- Educator Expenses
- Performing Artists
- Health Savings Accounts
- Eligibility for HSAs
- Limits on HSA Contributions
- Making Deductible Contributions
- Moving Expense Deduction
- Deductible Part of Self-Employment Tax
- Self-Employed SEP, SIMPLE, and Qualified Plans
- 401(k)s
- Self-Employed Health Insurance Deduction
- Penalty on Early Withdrawal of Savings
- Alimony
- IRA Deduction
- IRA Investments
- Nondeductible IRAs
- Roth IRAs
- Trump Accounts
- Interest on Student Loans
- No-Tax-On Tips Deduction
- Overtime Pay Deduction
- Deduction for Interest on New Car Loans
- Enhanced Senior Deduction
- Other Deductions
Learning Objectives
- List deductions that can be claimed without itemizing
- Determine eligibility for a health savings account
- Identify how to figure IRA deductions
- Describe the difference in tax treatment between alimony for pre-2019 and post 2018 divorces, as well as child support and property settlements
- Explain how to calculate adjusted gross income
- Describe the deductions for tips and overtime pay
- Identify the deductions that are subtracted from adjusted gross income
- Identify the schedules of Form 1040 and 1040-SR used to list deductions that can be claimed without itemizing
Level
Intermediate
Instructional Method
Self-Study
NASBA Field of Study
Taxes (2 hours)
Program Prerequisites
Understanding of the form 1040
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.