Description

Individual tax planning strategies for 2026 and beyond will take their cue from the many tax advantageous tax law changes enacted in the One Big Beautiful Bill Act (OBBBA). Many of the OBBBA changes are very favorable to individual taxpayers. Taxpayers and their clients now have the opportunity to utilize these new planning strategies. Tax practitioners must know about these new changes and the planning strategies associated with them to maximize the advantages to their clients. This program will cover tax changes from 2025 that impact individuals and provide individuals with significant tax reduction opportunities for 2026.

Instructor: Mike Tucker, Ph.D., LL.M., J.D., CPA

Target Audience

Accounting and finance professionals who need to know about tax planning opportunities for 2026 and later

Course Objectives

Advise individual clients on tax changes and planning opportunities associated with those changes in 2026 and after

Subjects

Extension and enhancement of reduced rates and the standard deduction

The temporary senior deduction

Extension and enhancement of increased Child Tax Credit

Extension and enhancement of increased estate and gift tax exemption amounts

Contributions to ABLE accounts and benefitting from the Saver’s Credit

Increased SALT deduction

Deduction for car loan interest

Using Trump Accounts

Extension and enhancement of paid family and medical leave credit

Enhancement of Adoption Credit, the dependent care assistance program and the child and dependent care tax credit

Tax credit for contributions of individuals to scholarship granting organizations

Additional expenses treated as qualified higher education expenses for purposes of 529 accounts

Individual charitable contributions

Health savings account related tax changes