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 three-hour CPE course, which is ninth in the 1040 Preparation and Planning series, covers standard deduction amounts and itemized deductions.
Tax developments 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 2025 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
- Standard Deduction
- Overview of Itemized Deductions
- Medical Expenses
- Special Equipment
- Deductible Medical Expenses
- Nonqualifying Medical Expenses
- Limitations on the Medical Expense Deduction
- Medical Insurance Premiums
- Long-Term Care Insurance
- Reimbursement of Medical Expenses
- Medical Expenses of a Decedent
- Taxes
- Taxes - SALT Cap
- Deductible Personal Taxes
- Sales Taxes
- Personal Property Taxes
- Real Estate Taxes
- Nondeductible Taxes
- Deductible Taxes
- Foreign Income Taxes
- Interest Payments
- Mortgage Interest
- Points
- Interest Payments - Refinancing
- Amortization of Bond Premium
- Investment Interest Expense Deduction
- Charitable Contributions
- Substantiation of Cash Contributions
- Substantiation of Charitable Contributions
- Vehicle Donations
- AGI Limitation Charitable Contributions
- Gifts of Partial Interests
- Conservation Easements
- Charitable Contribution Strategies
- Older Taxpayers
- Casualty and Theft Losses
- When to Deduct the Loss
- Miscellaneous Deductions not Subject to 2% Floor
- Looking Ahead for Itemized Deductions
Learning Objectives
- List the basic and additional standard deduction amounts
- List which items can be deducted as medical expenses
- Identify which type of interest is deductible
- Determine which taxes are deductible
- Recognize how to figure charitable contribution deductions and comply with substantiation requirements
- Identify the rules for determining disaster losses
- Identify deductible miscellaneous itemized deductions
- Identify new phase-out for itemized deductions effective for 2026 tax returns
- Identify new charitable deduction for non-itemizers effective for 2026 tax year
Level
Basic
Instructional Method
Self-Study
NASBA Field of Study
Taxes (3 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.