Course 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.
This course will examine:
- the inflation-changed limits effective for 2023 that are more significant from the perspective of an income tax preparer,
- the tax changes affecting 2023 as a result of passage of the Inflation Reduction Act, and
- the SECURE Act 2.0 provisions for 2023 that affect retirement plans.
After completing this course, you should be able to:
- List the 2023 changes in various amounts for items such as mileage rates, standard deductions, other deductions, exemptions, and expenses.
- Identify the 2023 tax credit changes affecting various credits such as the Child Tax Credit and the EITC.
- Recognize the 2023 changes affecting specialized accounts such as HSAs and IRAs.
- List the changes effective for 2023 with respect to employer tax credits and mandates.
- Describe the principal Inflation Reduction Act (IRA) provisions affecting taxpayers in 2023.
- List the key provisions of the SECURE Act 2.0 effective in 2023 resulting from the passage of the Act.
Affilliation
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Drake Software is an IRS-qualified sponsor of continuing professional education.
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Drake Software is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website, www.learningmarket.org.
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Drake Software has been approved by the California Tax Education Council to offer Federal Income Tax Changes 2023, 3038‐CE‐0300, which provides 6 hours of federal credit and 0 hours of state credit towards the annual continuing education requirement imposed by the State of California. 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, at (877) 850-2832, or at www.ctec.org.
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Drake Software is registered with the Texas State Board of Public Accountancy as a CPE sponsor. This registration does not constitute an endorsement by the Board as to the quality of our CPE program.
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Course Policies
Send cancellation requests to Support@DrakeCPE.com. Requests must be made within 30 days of purchasing the course. To be granted a full refund, you must not have completed and earned continuing education for the course. No refunds will be issued after the course expiration date. For more information regarding the refund policy or to address concerns or complaints regarding courses, contact the DrakeCPE support team at Support@DrakeCPE.com.
