• Course Information

    Title: Federal Income Tax Changes - 2018
    Category: Taxation
    Field of Study: Taxes
    Course Code: T018-0557
    CPE Credits: 5.0
    Price: $43.95
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Description

Description:
Each year, various limits affecting income tax preparation and planning change. Some changes commonly occur each year as a result of inflation indexing, while others occur because of new legislation or the sunsetting of existing law. In addition, the Tax Cuts and Jobs Act of 2017 became effective in 2018.
This course will examine the tax changes that took effect in 2018 that are more significant from the perspective of an income tax preparer. Some context will be supplied, as appropriate, to assist readers in understanding the changes. In addition to these customary annual changes affecting various limits, other tax changes effective in 2018 that were brought about by the Tax Cuts and Jobs Act of 2017 will be discussed.

Delivery Method: Online Interactive Self Study

Level: Overview

Prerequisites: None

Advanced Preparation: None

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Course Details

Author: Paul Winn

Category: Taxation

Field of Study: Taxes

Passing Score: 70%

Publication Date: 01/08/2018

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Objectives

Objectives:
Chapter 1
1. Calculate the standard mileage deductions for -
a. Use of a personal vehicle to obtain medical care, and
b. Charitable use of a personal vehicle;
2. Identify the 2018 standard deduction amounts available to taxpayers;
3. Recognize the changes made to the alternative minimum tax exemption amount for 2018;
4. Apply the tax-free United States savings bond income limits for taxpayers who paid qualified higher education expenses in 2018; and
5. Calculate the tax-deductible premiums for and tax-free benefits received under qualified long-term care insurance contracts.

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Profession

NASBA: Yes

QAS: Yes

CPA: Suitable for all CPAs

IRS: Enrolled Agents Program Number 263UK-U-00174-18-S

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