Social Security and Medicare Update
Author: Michael Miranda
| CPE Credit: |
2 hours for CPAs
2 hours Federal Tax Law Updates for EAs and OTRPs
2 hours Federal Tax Updates for CTEC |
Join Michael as he addresses the benefits and rules of Social Security, Medicare and Medicaid. As baby boomers retire and the general population ages, tax and financial planners will find that clients may require assistance in addressing retirement, eldercare, and government entitlement program matters. He will also address any current updates to these government benefit programs.
Clients will be best served by consideration of planning techniques designed to maximize these special retirement and eldercare benefits.
Per the IRS Education Provider Standards this course must be COMPLETED by 12/31/2029 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
Publication Date: May 2026
Designed For
All tax professionals who desire a better understanding of Social Security, Medicare, and Medicaid benefits for their clients.
Topics Covered
- Overview of the benefits and rules for Social Security, Medicare and Medicaid
- Review of the 2025 Trustee’s Report regarding current state of the benefit program
- Tax Planning for Social Security Benefits
- Medicare – what is it and how does it work?
- Medicaid – what is it and why does it exist?
- Types of Social Security Benefits
- Computation of Social Security Benefits
- Avoiding the loss of Social Security Benefits
- Social Security Planning Issues
- Recent legislation review including the Social Security Fairness Act
Learning Objectives
- Describe the benefits and rules of Social Security and Medicare
- Develop appropriate tax planning for Society Security benefits
- Identify the strategies for dealing with taxes on SSA benefits
- Describe the federal health insurance program for individuals that are 65 years of age or older - Medicare
- Describe the Medicaid program for low-income individuals
- Identify types of social security benefits, computation and avoiding loss of benefits
Level
Update
Instructional Method
Self-Study
NASBA Field of Study
Taxes (2 hours)
Program Prerequisites
A general understanding of retirement benefits, government benefits and the associated income tax consequences associated with these benefits.
Advance Preparation
None
