Price range: $174.00 through $204.00
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Secure Transaction CPE Credits
6 Credits: Taxes
Course Level
Overview
Format
Self-Study
Course Description
Sweeping new legislation passed on July 4, 2025, titled “An Act to provide for reconciliation pursuant to title II of H. Con. Res. 14” and referred to as the One Big Beautiful Bill Act (OBBBA) became law. The One Big Beautiful Bill Act Tax Provisions course, offering 6 CPE credits, examines the tax provisions of the Act, beginning with those provisions that are immediately effective for 2025, followed by provisions that become effective in 2026 and beyond. The new law makes permanent many of the tax provisions of the Tax Cuts and Jobs Act (TCJA) and makes changes to existing tax law, some permanent and others temporary.
A brief explanation of existing tax law prior to OBBBA’s passage is provided, and appropriate context is added to facilitate understanding of the pre-enactment environment and the impact of the legislative changes. The course will discuss both the individual and business tax provisions and is organized along effective-date lines and whether the principal effect will be experienced by individual or business taxpayers. Accordingly, the course is segmented as follows:
Chapter 1 Individual taxpayers effective in 2025
Chapter 2 Business taxpayers effective in 2025
Chapter 3 Business taxpayers energy-related effective in 2025
Chapter 4 Individual taxpayers effective in 2026 & later
Chapter 5 Business taxpayers effective in 2026 & later
Learning Objectives
Upon successful completion of this course, participants will be able to:
- Recognize the new standard deduction amounts;
- Describe the new senior, overtime and tip deductions;
- Explain the enhancements made to the –
- Child Tax Credit,
- Adoption Tax Credit,
- Child and Dependent Care Tax Credit,
- Paid Family and Medical Leave Tax Credit, and
- Low-Income Housing Tax Credit;
- Apply the changes made to third-party network transaction reporting;
- Explain the changes made to the business interest deduction limitation;
- Identify the various energy-related tax credits that have been terminated or modified;
- Apply the new casualty loss deduction limitations;
- Describe the Achieving a Better Life Experience (ABLE) account modifications; and
- Recognize the permanent enhancement of low-income housing tax credit.
Course Specifics
SS826467956
February 17, 2026
There are no prerequisites.
None
147
Compliance Information
IRS Provider Number: 0MYXB
IRS Course Number: 0MYXB-T-02779-26-S
IRS Federal Tax Law Credits: 6
CTEC Course Number: 2071-CE-02222
CTEC Federal Tax Law Credits: 6
CFP Notice: Not all courses that qualify for CFP® credit are registered by Western CPE. If a course does not have a CFP registration number in the compliance section, the continuing education will need to be individually reported with the CFP Board. For more information on the reporting process, required documentation, processing fee, etc., contact the CFP Board. CFP Professionals must take each course in it’s entirety, the CFP Board DOES NOT accept partial credits for courses.
CTEC Notice: California Tax Education Council DOES NOT allow partial credit, course must be taken in entirety. Western CPE has been approved by the California Tax Education Council to offer continuing education courses that count as credit towards the annual “continuing education” requirement imposed by the State of California for CTEC Registered Tax Preparers. A listing of additional requirements to register as a tax preparer may be obtained by contacting CTEC at P.O. Box 2890, Sacramento, CA, 95812-2890, by phone toll-free at (877) 850-2832, or on the Internet at www.ctec.org.
Meet The Experts
Paul J. Winn CLU ChFC is a writer with more than 30 years experience in the life insurance and securities industry as an agent/registered representative, an agency head, a marketing vice president for a life insurance company and the president of a corporate registered investment adviser. He was a long serving member of the advisory board to the New York State insurance department. He is a published book author and creator of more than 200 taxation, insurance and securities training courses.
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