Maximize Deductions on Form 1040

Explore practical strategies with presenter Randy Adams, EA, MSA, for maximizing deductions and reducing taxable income on Form 1040, with a focus on key tax law changes for 2025 and 2026. This course reviews updates to standard and itemized deductions, retirement and charitable planning, dependent and education credits, business deductions, and new provisions affecting tips, overtime, car loan interest, educator expenses, and ABLE accounts. Through real-world examples, tax return preparers will learn to identify planning opportunities, compare deduction strategies, and help clients make informed decisions that support their short- and long-term financial goals.

$36.00
  

Prerequisites

Prerequisites are not necessary to participate in this course and no advance preparation is needed.

Course Description

Explore practical strategies with presenter Randy Adams, EA, MSA, for maximizing deductions and reducing taxable income on Form 1040, with a focus on key tax law changes for 2025 and 2026. 

By the end of this webinar, you will be able to:

  • Discuss retirement options and how to minimize taxes on distributions
  • Review updated dependent and daycare credits, 529 contributions and other options to reduce income
  • Examine the new "stacked" layers of standard deduction, blind or age-related deductions, and the new senior discount, and
  • Explore other ways to minimize income and maximize deductions

 

CPE Facts

Affiliation* CPE Awarded Delivery Method Field of Study Course ID Sponsor ID
NASBA 2 QAS Self-Study Taxes N/A 103137
CTEC 2/0 Self-Study Federal Tax Law 3038-CE-00501 3038
IRS 2 Self-Study Federal Tax Law FQTGU-T-00852-26-S FQTGU
Texas State Board of Accountancy 2 Self-Study Taxes 100494 002921
Pennsylvania State Board of Public Accountancy 1 Self-Study (Non-Interactive) Taxes N/A

* Individuals with other professional credentials should check with their state licensing board or accrediting organization to determine if this program meets their continuing education requirements.

Other Details
Last Revision August 2026
Course Expiration The CPE portion of this course expires one year from date of purchase
Course Format Recorded Webinar + PDF Course Materials + Online review questions and final exam.
DrakeCPE Course Policies and CPE Affiliations