MYCPE ONE

IRS Updates Feb'25 - Key Tax Changes, Deductions & Security Concerns 0.5 Credit 0.5 Credit

IRS Updates Feb'25 - Key Tax Changes, Deductions & Security Concerns 0.5 Credit 0.5 Credit

  • Rating

    4.5

  • Published on

    March, 2025

    Published on

    March, 2025

  • Subject Area

    Taxes

Learning mode

E-Book
  • Access the course at your convenience
  • Take the assessment test
  • Get your certificate
  • Attend the live interactive session
  • Answer the polling questions
  • Get your certificate

Access to this course is included with a MYCPE ONE subscription.

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Important Note: This course was developed prior to the enactment of the One Big Beautiful Bill (OBBB), and content may not reflect the latest tax reforms. We are actively updating our courses to reflect the new legislation.

If you want to attend courses related to OBBB, please click here.

Learning Objectives

  • Discuss the key differences between refundable and nonrefundable tax credits. 
  • Identify eligibility requirements for various individual and business tax credits. 
  • Analyze how deductions impact taxable income and overall tax liability. 
  • Explain strategies for maximizing education-related and energy-efficiency tax benefits. 
  • Differentiate between various types of deductions and their tax implications.

Course Overview

Whether you're an individual taxpayer aiming to minimize liabilities or a business striving for fiscal efficiency, understanding the array of available credits and deductions is crucial. Our comprehensive CE course is designed to demystify the complexities of tax credits and deductions, empowering you to make informed decisions and maximize your financial outcomes.  

In this CE course, we delve into the distinctions between refundable and nonrefundable tax credits, guiding you through eligibility criteria and application processes. We'll explore prominent individual credits such as the Earned Income Tax Credit (EITC) and the Child Tax Credit, as well as delve into education-related credits like the American Opportunity Tax Credit and Lifetime Learning Credit. For businesses, we'll examine credits like the Research and Development (R&D) Tax Credit and energy efficiency incentives. Additionally, we'll dissect deductions, differentiating between above-the-line and below-the-line deductions, and provide insights into maximizing benefits from deductions related to mortgage interest, medical expenses, and charitable contributions.  

Major Topics:  

  • Individual Tax Credits Overview 
  • Business Tax Credits Exploration 
  • Education-Related Tax Benefits 
  • Energy Efficiency Incentives Guide 
  • Strategic Tax Deduction Planning

By the end of this CE course, you'll have a robust understanding of how to navigate and apply various tax credits and deductions, positioning yourself or your business for enhanced financial health. Join us to transform your tax strategy and secure the benefits you rightfully deserve. 

For more CE Tax Courses, Click here.
This e-book has been compiled from various articles and insights contributed by multiple professionals.

On Demand Credits for All Qualifications

License details Credits Status
Taxes for Certified Public Accountants (CPA-US) 0.5 CPE Approved
Taxes for Personal Financial Specialist (PFS) 0.5 CPD Eligible
Taxation for Chartered Financial Consultant (ChFC) 0.5 CE Eligible
Taxes for Delaware Licensed Public Accountant (DE-LPA) 0.5 CPE Approved
Taxes for Retirement Income Certified Professional (RICP) 0.5 CE Eligible
Taxes for Financial Services Certified Professional (FSCP) 0.5 CE Eligible
Taxes for Wealth Management Certified Professional (WMCP) 0.5 CE Eligible
Taxes for Iowa Licensed Public Accountant (IA-LPA) 0.5 CPE Approved
Taxes for Chartered Advisor in Senior Living (CASL) 0.5 CE Eligible
Taxes for Maine Licensed Public Accountant (ME-LPA) 0.5 CPE Approved
Taxes for Chartered Special Needs Consultant (ChSNC) 0.5 CE Eligible
License details Credits Status
Taxes for Certified Public Accountants (CPA-US) 0.5 CPE Approved
Taxes for Personal Financial Specialist (PFS) 0.5 CPD Eligible
Taxation for Chartered Financial Consultant (ChFC) 0.5 CE Eligible
Taxes for Delaware Licensed Public Accountant (DE-LPA) 0.5 CPE Approved
Taxes for Retirement Income Certified Professional (RICP) 0.5 CE Eligible
Taxes for Financial Services Certified Professional (FSCP) 0.5 CE Eligible
Taxes for Wealth Management Certified Professional (WMCP) 0.5 CE Eligible
Taxes for Iowa Licensed Public Accountant (IA-LPA) 0.5 CPE Approved
Taxes for Chartered Advisor in Senior Living (CASL) 0.5 CE Eligible
Taxes for Maine Licensed Public Accountant (ME-LPA) 0.5 CPE Approved
Taxes for Chartered Special Needs Consultant (ChSNC) 0.5 CE Eligible

Additional Information

Credits

0.5

Course Level

Basic

Instructional Method

QAS Self Study

Group Internet Based

Pre-requisites

None

Advance Preparation

None

NASBA APPROVED

MY-CPE LLC, 1600 Highway 6 south, suite 250, sugar land, TX, 77478

MY-CPE LLC 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.nasbaregistry.org.

About Author

Top Tax Speaker | Jason Dinesen

Jason Dinesen EA

President, Dinesen Tax & Accounting, P.C.

  • 4.6
  • rating
  • rating
  • rating
  • rating
  • rating

Jason Dinesen (LPA, EA) is an entrepreneur, tax expert, and CPE Presenter. Dinesen brings over 15 years of experience helping individuals and businesses with accounting, bookkeeping, tax preparation, and business advisory in various industries. Dinesen is a regular CPE Presenter at MYCPE ONE. He has coached more than 200k+ accounting, taxes, and HR professionals on various topics of accounting, individual taxation, corporate taxation, and professional ethics. Jason has developed a strong following within the professional community for tax-related subjects. Dinesen is known for sharp tax interpretations, and he quickly brings his analysis of the latest tax updates and IRS guidance to the professional community.

On Demand FAQs

What is Self Study (QAS)?

Self Study QAS (Quality Assurance Service) is a NASBA and other regulatory bodies approved program designed for Professionals to complete their Continuing Professional Education credits through self-paced, interactive courses that meet the highest standards of quality and compliance. Our courses qualify for credits with NASBA, IRS, CFP Board, HRCI, SHRM, Payroll Org, FP Canada, and 25+ other professional organizations.

How do I earn CPE credits through self-study?

To earn CPE credits, you must complete the self-study course, pass the required assessments, and submit the necessary documentation. Credits are awarded based on the completion of course hours and successfully passing the assessments.

Are the self-study courses accepted by NASBA and other professional organizations?

MY-CPE LLC courses are accepted for continuing education credit by various professional certification programs, including NASBA, IRS, CFP Board, and HRCI. MY-CPE LLC is also recognized by SHRM to offer Professional Development Credits (PDCs) for SHRM-CP® and SHRM-SCP® recertification activities.

What are the requirements to maintain compliance with self-study courses?

To maintain compliance, you must follow the guidelines set by NASBA and other regulatory bodies, which include completing the course within the specified timeframe, passing the assessments, and keeping accurate records of your learning activities.

How can I access my course completion certificates?

After successfully completing a self-study course and passing the assessments, you can access and download your course completion certificates from your account dashboard on our platform. These certificates are recognized by NASBA, IRS, CFP Board, HRCI, SHRM, Payroll Org, FP Canada, and 25+ other professional organizations for compliance and reporting purposes.

How are credits reported to governing bodies?

We issue instant credit certificates, ensuring they are valid for presentation to governing bodies. Typically, we report IRS, CTEC, CFP, IDFP, IWI, VBOA Ethics credits within 7 days – the fastest in the industry.

Reviews and Ratings

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Cindy Shilhanek, CPP

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Great information in an easy to understand method.

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IRS Feb'25 Tax Changes

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