The 2026 tax season introduces significant changes to credits, deductions, and depreciation rules under the One Big Beautiful Bill Act (OBBBA). This comprehensive course, recorded on March 3rd, 2026, provides a practical breakdown of the most frequently applied tax provisions affecting individual taxpayers and small businesses.
Participants will review updated rules for the Child Tax Credit, Additional Child Tax Credit, Adoption Credit enhancements, education credits (AOTC and LLC), Saver’s Credit thresholds, and the termination of major clean energy credits. The course also covers key business deductions, including Section 179 expensing limits, reinstated 100% bonus depreciation, Qualified Business Income (QBI) updates, home office methods, student loan interest deductions, and Schedule C mileage vs. actual expense decisions.
Designed for professionals preparing 2026 individual and small business returns, this course explains what changed, what phased out, and how to properly apply new thresholds and limitations.
Learning Objectives
Upon completion, participants will be able to:
- Identify eligibility requirements and phase-out thresholds for 2026 Child Tax Credit and Additional Child Tax Credit.
- Calculate Adoption Credit benefits, including the new partially refundable provision.
- Distinguish between AOTC and Lifetime Learning Credit qualification rules.
- Apply 2026 Section 179 limits and 100% bonus depreciation reinstatement rules.
- Evaluate QBI deduction thresholds and minimum deduction provisions under OBBBA.
About The Presenter:
Roman A Basi Attorney/CPA
Roman Basi is the President of the Center for Financial, Legal & Tax Planning, PC. He is an Attorney and CPA and holds a Master’s Degree in Business Administration. Roman is also a Real Estate Broker, Title Insurance Agent, and a Private Pilot with an instrument rating. His law and accounting practice focuses on Mergers and Acquisitions of Privately Held Companies across the U.S., as well as Business Valuations, Succession Planning, Estate Planning, Corporate Law, Tax Law, and Real Estate. Roman is a highly sought after speaker touring the nation on a continuous basis speaking to numerous Associations. He is also the President and Managing Broker of Heartland Realty & Rentals, Inc. and the Managing Member of Woodland Rental Properties, LLC – companies that own and manage approximately 300 units of real estate located in Southern Illinois and Southwest Florida. Roman and his wife Brandi of 27 years, reside on Clearwater Beach, Florida. They have two daughters, Alexis, 22, is a third-grade teacher in Nashville, Tennessee, and Marissa, 25, is a pilot with Envoy (American Airlines).
