2025 Annual Federal Tax Refresher (AFTR)

INTRODUCTION Welcome to the IRS’s Annual Tax Refresher Course, a crucial tool designed to keep tax professionals ahead of the ever-changing world of tax regulations. This refresher course provides updated inflation-adjusted figures for 2025, as outlined in Rev. Proc. 2025-40 …

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Overview

INTRODUCTION

Welcome to the IRS’s Annual Tax Refresher Course, a crucial tool designed to keep tax professionals ahead of the ever-changing world of tax regulations. This refresher course provides updated inflation-adjusted figures for 2025, as outlined in Rev. Proc. 2025-40 , Tax Cuts and Jobs Act (TCJA), and various sections of the Code, based on their status for taxable year beginning in 2025. These adjustments typically adhere to Section 1(f) for calculation.

Revenue Procedure 2025-40 delineates the annual inflation adjustments for the tax year 2025, encompassing over 60 tax provisions, including tax rate schedules and other tax modifications.

The Tax Cuts and Jobs Act (TCJA), signed into law by President Trump on December 22, 2017, stands as the most sweeping tax reform since 1986, impacting both individual and corporate tax law. However, it’s important to note that most changes instituted by this bill are temporary and scheduled to expire on December 31, 2025.

As we navigate the significant changes brought about by the TCJA, staying informed is paramount. Our comprehensive program is meticulously crafted to furnish you with a deep understanding of the TCJA’s ramifications on individual and business taxation, ensuring you can offer precise guidance to your clients.

The tax year 2025 adjustments outlined in this course generally pertain to tax returns filed in 2026.

For clarity: References to the “Code” denote the Internal Revenue Code of 1986, and unless stated otherwise, all “section” or “§” references pertain to provisions of the Code.

Curriculum

Curriculum

32 Sections
103 Lessons
26 Weeks

Expand all sectionsCollapse all sections

Domain 1 – New Tax Law /Recent Updates
18
- 1.1
  1.1 Annual Inflation and Cost of Living Adjustments
- 1.2
  Tax Rates
- 1.3
  Unearned Income of Minor Children Subject to the “Kiddie Tax”
- 1.4
  Maximum Capital Gains Rate
- 1.5
  Adoption Credit
- 1.6
  Child Tax Credit
- 1.7
  Earned Income Tax Credit
- 1.8
  Refundable Credit for Coverage Under a Qualified Health Plan
- 1.9
  Rehabilitation Expenditures Treated as Separate New Building
- 1.10
  Low-Income Housing Credit
- 1.11
  Employee Health Insurance Expense of Small Employers
- 1.12
  Exemption Amounts for Alternative Minimum Tax
- 1.13
  Alternative Minimum Tax Exemption for a Child Subject to the “Kiddie Tax”
- 1.14
  Certain Expenses of Elementary and Secondary School Teachers
- 1.15
  Transportation Mainline Pipeline Construction Industry Optional Expense Substantiation Rules for Payments to Employees Under Accountable Plans
- 1.16
  Safe Harbor Rules for Broker Commissions on Guaranteed Investment Contracts or Investments Purchased for a Yield Restricted Defeasance Escrow
- 1.17
  Insubstantial Benefit Limitations for Contributions Associated with Charitable Fund-Raising Campaigns
- 1.18
  Reporting Exception for Certain Exempt Organizations with Nondeductible Lobbying Expenditures
1.2 New Standard Mileage Rates
1
- 2.1
  1.2 New Standard Mileage Rates
1.3 Third Party Network Transactions
1
- 3.1
  1.3 Third Party Network Transactions
1.4 Direct File Pilot Program
1
- 4.1
  1.4 Direct File Pilot Program
1.5 SECURE 2.0 Act, Section 109, higher catch-up contribution limits for individuals aged 60-63 effective for 2025
1
- 5.1
  1.5 SECURE 2.0 Act, Section 109, higher catch-up contribution limits for individuals aged 60-63 effective for 2025
1.6 SECURE 2.0 Act, Section 124, increased age of onset blindness or disability for qualified ABLE programs effective for tax years beginning after 12/31/2025
1
- 6.1
  1.6 SECURE 2.0 Act, Section 124, increased age of onset blindness or disability for qualified ABLE programs effective for tax years beginning after 12/31/2025
Domain 2 – General Review
3
- 7.1
  2.1 Filing Status Review
- 7.2
  Qualifying Widow(er) With Dependent Child
- 7.3
  Gross Income Limitation for a Qualifying Relative
2.2 Taxability of Earnings
2
- 8.1
  2.2 Taxability of Earnings
- 8.2
  Social Security and Medicare Tax on Unreported Tip Income
2.3 Interest, dividends, foreign accounts and trusts
1
- 9.1
  2.3 Interest, dividends, foreign accounts and trusts
2.4 Reporting and Taxability of Retirement Income
1
- 10.1
  2.4 Reporting and Taxability of Retirement Income
2.5 IRAs
5
- 11.1
  2.5 IRAs
- 11.2
  Contributions
- 11.3
  Deductions
- 11.4
  Distributions
- 11.5
  10% Penalty
2.6 Reporting and Taxability of Unemployment Compensation
1
- 12.1
  2.6 Reporting and Taxability of Unemployment Compensation
2.7 Alimony
1
- 13.1
  2.7 Alimony
2.8 Schedule C, Profit or Loss from Business
15
- 14.1
  2.8 Schedule C, Profit or Loss from Business
- 14.2
  Business Expenses Deductions
- 14.3
  Deducting Automobile Expenses
- 14.4
  Business Travel Expenses
- 14.5
  Other Business Deductions
- 14.6
  2.8.1 Determination of Gross Income & Deductions
- 14.7
  2.8.2 Business versus Hobby
- 14.8
  2.8.3 Business Use of Home
- 14.9
  2.8.4 Recordkeeping Requirements
- 14.10
  2.8.5 Entertainment Expenses
- 14.11
  2.8.6 Section 179
- 14.12
  2.8.7 Depreciation
- 14.13
  2.8.7.1 Bonus Depreciation
- 14.14
  2.8.7.2 Luxury Auto Depreciation Limits
- 14.15
  2.8.7.3 Listed Property Updates
2.9 Overview of Capital Gains and Losses
2
- 15.1
  2.9 Overview of Capital Gains and Losses
- 15.2
  Calculating Capital Gains or Loss
2.10 Standard Deduction
1
- 16.1
  2.10 Standard Deduction
2.11 Schedule A, Itemized Deductions
10
- 17.1
  2.11 Schedule A, Itemized Deductions
- 17.2
  2.11.1 Medical and Dental Expenses
- 17.3
  2.11.2 State and Local Tax Deduction
- 17.4
  2.11.3 Home Mortgage Interest and Home Equity Loans
- 17.5
  2.11.4 Charitable Contributions
- 17.6
  2.11.4.1 60% AGI Limit for Cash Contributions
- 17.7
  2.11.4.2 Contemporaneous Written Acknowledgement
- 17.8
  2.11.5 Federally Declared Disaster Area Casualty Loss Deduction
- 17.9
  2.11.6 Moving Expense Deduction
- 17.10
  2.11.7 Recordkeeping and Documentation of Deductions
2.12 Tax Credit Eligibility
6
- 18.1
  2.12 Tax Credit Eligibility
- 18.2
  Credits for Qualifying Children and Other Dependents
- 18.3
  Child and Dependent Care Credit
- 18.4
  Earned Income Tax Credit
- 18.5
  Education Credits
- 18.6
  Form 8862 Information to Claim Certain Credits After Disallowance
2.13 Energy Credits
1
- 19.1
  2.13 Energy Credits
2.14 Clean Vehicle Credits
1
- 20.1
  2.14 Clean Vehicle Credits
2.15 General Topics
13
- 21.1
  2.15.1 Tax Treatment of the Acquisition and Disposition of Digital Assets
- 21.2
  Updated Digital Asset
- 21.3
  2.15.2 Alternative Minimum Tax (AMT)
- 21.4
  Calculating AMT
- 21.5
  2.15.3 QBI Deduction
- 21.6
  2.15.4 Kiddie Tax
- 21.7
  2.15.5 Section 529 Plans
- 21.8
  2.15.6 Achieving a Better Life Experience (ABLE) Account
- 21.9
  2.15.7 Cancellation of Student Debt
- 21.10
  2.15.8 Net Operating Loss
- 21.11
  2.15.9 Premium Tax Credit
- 21.12
  2.15.10 Employee Fringe Benefits
- 21.13
  2.15.11 Depreciation of Rental Property
2.16 Withholding and Estimated Tax Payments
1
- 22.1
  2.16 Withholding and Estimated Tax Payments
2.17 Balance Due and Refund Options
1
- 23.1
  2.17 Balance Due and Refund Options
2.18 Tax Return Due Dates and Filing for Extensions
1
- 24.1
  2.18 Tax Return Due Dates and Filing for Extensions
Domain 3 – Practices, Procedures and Professional Responsibility
1
- 25.1
  3.1 Tax-Related Identity Theft
3.2 Safeguarding Taxpayer Data
1
- 26.1
  3.2 Safeguarding Taxpayer Data
3.3 Overview and Expiration of Individual Taxpayer Identification Numbers (ITINs)
1
- 27.1
  3.3 Overview and Expiration of Individual Taxpayer Identification Numbers (ITINs)
3.4 Preparer Penalties
1
- 28.1
  3.4 Preparer Penalties
3.5 Tax Preparation Due Diligence
3
- 29.1
  3.5 Tax Preparation Due Diligence
- 29.2
  Complete Form 8867
- 29.3
  Compute the Credits
3.6 E-file Requirements
1
- 30.1
  3.6 E-file Requirements
3.7 Annual Filing Season Program
6
- 31.1
  3.7 Annual Filing Season Program
- 31.2
  3.7.1 Annual Filing Season Program Requirements
- 31.3
  3.7.2 Circular 230 and Consent to Circular 230
- 31.4
  Office of Professional Responsibility
- 31.5
  Return Preparer Office
- 31.6
  3.7.3 Limited Representation
Final Exam
2
- 32.1
  AFTR Final Exam Set A
  3 Hours50 Questions
- 32.2
  AFTR Final Exam Set B
  3 Hours50 Questions

2025 Annual Federal Tax Refresher

$59.99

Course Features

Lectures 103
Quizzes 2
Duration 26 weeks
Skill level All levels
Language English
Students 1
Certificate Yes
Assessments Yes

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