Social Security and Medicare Year-End 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 12/31/2028 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 cardPublication Date: December 2025
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
- 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
- Social Security Fairness Act – Windfall Elimination Provision (WEP) and Government Pension Offset (GPO) Update (DSUE)
Learning Objectives
- State the benefits and rules of Social Security and Medicare
- State appropriate tax planning for Society Security benefits
- Explain the strategies for dealing with taxes on SSA benefits
- Explain the federal health insurance program for individuals that are 65 years of age or older
- Explain 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
