2026 Tax Filing for Individuals after OBBB
Date: February 04, 2026
Speaker: Anthony Curatola
Description
Each tax year presents new and existing tax issues requiring tax specialist to consider and prepare for when advising their clients. The 2026 tax filing season is no exception. The One, Big, Beautiful Bill Act of 2025 (OBBB) took aim at TCJA and repealed many of the sunset provisions and made a few new sunset provisions. In addition, OBBB introduces some new taxpayer favored tax provisions. As a result, taxpayers are looking to tax professionals to provide sage advice on the application of these new rules.
Since the passage of OBBB, Treasury has provided some interpretations, which is just the beginning. In this presentation, we do a high-level look at many of these tax provisions, including tip income, overtime income, senior deduction, new car loan interest deduction, SALT changes, child tax credit to name a few. In this presentation, we discuss the applicable tax provisions and modifications introduced by OBBB that apply to a taxpayer’s 2025 tax return, including but not limited to the deduction for tip and overtime income, senior deduction, and the deductibility of loan interest on newly purchased automobiles. In addition, we discuss the recently released Treasury interpretations that pertain to a few of these legislative provisions.
Why should you attend
Each tax year presents new and existing tax issues requiring tax specialist to consider and prepare for when advising their clients. The 2026 tax filing season is no exception. The One, Big, Beautiful Bill Act of 2025 (OBBB) took aim at TCJA and repealed many of the sunset provisions and made a few new sunset provisions. In addition, OBBB introduces some new taxpayer favored tax provisions. As a result, taxpayers are looking to tax professionals to provide sage advice on the application of these new rules. Since the passage of OBBB, Treasury has provided some interpretations, which is just the beginning. In this presentation, we do a high-level look at many of these tax provisions, including tip income, overtime income, senior deduction, new car loan interest deduction, SALT changes, child tax credit to name a few.
In this presentation, we discuss the applicable tax provisions and modifications introduced by OBBB that apply to a taxpayer’s 2025 tax return, including but not limited to the deduction for tip and overtime income, senior deduction, and the deductibility of loan interest on newly purchased automobiles. In addition, we discuss the recently released Treasury interpretations that pertain to a few of these legislative provisions.
Areas Covered in the Session:
- An overview of the enacted tax legislation of OBBB
- Recognize the impact of these provisions on individual and small business taxpayers
- An in-depth discussion of the changes to the child tax credit and the qualifying business income deduction
- A discussion on the new deductions for tip income and overtime
- A discussion of the changes to the itemized deductions
- Raise potential issues that will need interpretation by Treasury
- Illustrate the reporting requirements for some of these tax provisions
Who will benefit:
Tax preparers, CPAs, Accountants, Local and regional accounting firms, Financial Planners, Consultants
SPEAKER
Tony Curatola is the Joseph F. Ford Professor of Accounting and Tax at Drexel University in Philadelphia. Tony’s area of research is the taxation of individuals, small businesses owners, and retirement income. He has authored over 200 articles in his field and has completed sponsored research for external groups. His findings have appeared in media such as Forbes, The Washington Post, Wall Street Journal, and The New York Times. He is the former editor of the tax column for Strategic Finance, and the author of several interactive education courses for CeriFi (formerly Thomson Reuters courses). He holds a variety of leadership positions in accounting associations, including the Institute of Management Accountants. Dr. Curatola earned his B.S. in Accounting ’75 and MBA in Finance ‘77 from Drexel University, M.A. in Accounting ’79 from The Wharton School of the University of Pennsylvania, and Ph.D. in Accounting ‘81 from Texas A&M University.
