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Mastering Itemized Deductions Tax Law Changes: Advanced Planning Strategies Under the One Big Beautiful Bill (2025–2026)

Overview:

Itemized deductions remain one of the most powerful — and most frequently misunderstood — areas of individual tax planning. With major legislative changes taking effect in 2025 and 2026, including a significant increase to the SALT deduction cap and revised rules impacting charitable contributions, tax professionals must be prepared to guide clients through a rapidly shifting landscape.

This 100-minute webinar delivers a comprehensive, practical review of itemized deductions as reported on Schedule A of Form 1040. Each category of deduction is examined in detail, with a focus on eligibility, substantiation requirements, deduction limitations, and planning opportunities under current law.

Participants will gain critical insight into how the One Big Beautiful Bill reshapes itemized deduction strategy and client decision-making. Real-world case studies and calculation examples are integrated throughout the course to reinforce technical understanding and ensure participants can confidently apply the rules when advising clients. Special emphasis is placed on strategic analysis — helping practitioners determine when itemizing deductions provides a greater benefit than the standard deduction and how to proactively plan for upcoming changes in 2026.

Areas covered in this Training:

· Overview of Itemized Deductions and Current Law
· State and Local Tax (SALT) Deductions
· Identify and correctly categorize itemized deductions reported on Schedule A of Form 1040
· Apply current tax law, including eligibility rules, limitations, and substantiation requirements, to common itemized deductions
· Calculate and compare itemized deductions v/s the standard deduction to determine the most advantageous outcome for clients
· Evaluate the impact of recent and upcoming legislative changes, including provisions of the One Big Beautiful Bill, on individual tax planning strategies

Why You Should Attend:

As itemized deduction rules evolve, outdated knowledge can lead to missed planning opportunities and costly compliance errors. With significant changes to itemized deductions on the horizon, tax professionals must understand how evolving rules will affect client outcomes. This webinar equips attendees with the knowledge needed to proactively advise clients on planning strategies for 2025 and 2026, helping them adapt to new limitations, expanded deductions, and compliance requirements in order to maximize allowable tax benefits.

Suggested Attendees:

· Tax Professionals
· Certified Public Accountants (CPAs)
· Enrolled Agents (EAs)
· Attorneys and Tax Attorneys

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