This comprehensive tax season update provides detailed, return-level guidance on the most important individual tax changes enacted under the One Big Beautiful Bill Act (OBBBA). Recorded on January 21, 2026, this course covers how new and expanded deductions, credits, thresholds, and reporting rules apply to both 2025 and 2026 tax returns. Participants will gain practical insight into how these changes affect day-to-day preparation, client interviews, and common filing scenarios during peak season.

The program focuses on areas most likely to generate taxpayer questions, including changes to the standard deduction, SALT cap increases, child and dependent-related credits, tip income and overtime deductions, charitable contributions, and new above-the-line deductions. Emphasis is placed on helping participants confidently interpret eligibility, phaseouts, and documentation requirements while minimizing errors and missed opportunities.

Learning Objectives

Upon completion, participants will be able to:

• Apply updated standard deduction, SALT cap, and itemized deduction rules for 2025 and 2026
• Evaluate expanded child, dependent care, and senior-related deductions and credits
• Interpret new tip income and overtime pay deductions and related reporting treatment
• Identify return-level planning opportunities created by new charitable and auto loan interest deductions
• Recognize individual tax provisions most likely to affect eligibility, phaseouts, and client outcomes

This course counts for 2 Hours of Federal Tax Law for IRS Continuing Education.

About the Presenter:

Doug Stives is considered a worldwide leader in public and management accounting by AICPA & CIMA. He is a CPA, MBA, and recently retired professor of Accounting at Monmouth University and a professional speaker at many organizations and conferences. Doug was honored as Monmouth's Outstanding Business Professor of the Year in 2009, 2016, and 2024 and was awarded an Outstanding Educator award in 2021 by the New Jersey Society of CPAs. Frequent media exposure includes The Wall Street Journal and other national publications and television, including CNN, CNBC, PBS, NBC, Fox, CBS, ABC, and several cable networks. Doug was once dubbed as the "Most Tax Efficient Man in America" by the Wall Street Journal.