• Course Information

    Title: Federal Income Tax Changes - 2020
    Category: Taxation
    Field of Study: Taxes
    Course Code: T020-0557
    CPE Credits: 5.0
    Price: $43.95


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. This course will examine the tax changes that took effect as a result of passage of the Tax Cuts and Jobs Act of 2017 (TCJA) and the inflation-changed limits effective for 2020 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.

Delivery Method:

Level: Overview

Prerequisites: None

Advanced Preparation: None

Policies: Click here

Course Details

Author: Paul Winn

Category: Taxation

Field of Study: Taxes

Passing Score: 70%

Publication Date: 01/23/2020

Technical Details: Taxation courses are technical courses.

For More Detail: Click here

If you are unable to view PDF then right click the mouse and click save link as


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 2020 standard deduction amounts available to taxpayers;
3. Recognize the changes made to the alternative minimum tax exemption amount for 2020;
4. Apply the tax-free United States savings bond income limits for taxpayers who paid qualified higher education expenses in 2020; and
5. Calculate the tax-deductible premiums for and tax-free benefits received under qualified long-term care insurance contracts.

For More Objectives: Click here

If you are unable to view PDF then right click the mouse and click save link as



QAS: Yes

CPA: Suitable for all CPAs

IRS: Enrolled Agents Program Number 263UK-U-00220-20-S

Profession Identifiers : CPA, EA

Start Saving on Your CPE Today!

Join MasterCPE


Yes   No