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PRODID://NDCP//510411
BEGIN:VEVENT
DTSTAMP:20260425T020520
VTIMEZONE:America/Chicago
DTSTART:20270331T170000Z
DTEND:20270331T190000Z
UID:510411
SUMMARY:Surgent's Schedule 1-A: Implementing Important OBBBA Deductions for 2025 (SHA2)
LOCATION:Webinar
DESCRIPTION:Surgent's Schedule 1-A: Implementing Important OBBBA Deductions for 2025 (SHA2)\n\n03/31/27 12:00 PM CST\n - 03/31/27 02:00 PM CST\Description:\nSchedule 1-A is a new tax form designed to consolidate four key OBBBA deductions that can be taken for the first time in 2025. Ultimately these four deductions: the tip deduction, the overtime deduction, the deduction for interest paid on a new car loan, and the senior deduction, appear as a single entry on line 13b of Form 1040. These deductions are phased out at higher income levels, the calculation of which takes place on Schedule 1-A.
 Accounting and finance professionals who wish to understand the mechanics of the four deductions and how they are expressed on Schedule 1-A and consolidated on Form 1040 would benefit from taking this program. Objectives:
 Implement the most common OBBBA changes for tax year 2025 using the new Schedule 1-A
 Presenters:Mike Tucker, Ph.D., LL.M., J.D., CPAKaren Davis, EA, MBA, Ph.D.Edward Renn, Esq.Field of Study:Taxes (2)Major Topics:
 Purpose and organization of Schedule 1-A, Form 1040
 Taxpayers who can use Schedule 1-A
 The relationship of Form 1040 and Schedule 1-A
 Calculating modified adjusted gross income (MAGI) on Part I, Schedule 1-A
 The tip deduction, calculated on Part II, Schedule 1-A
 The overtime deduction, calculated on Part III, Schedule 1-A
 The car loan interest deduction, calculated on Part IV, Schedule 1-A
 The senior deduction, calculated on Part V, Schedule s1-A
 Phase-outs at higher levels of income
 \Location:\nWebinar\n\n,
X-ALT-DESC;FMTTYPE=text/html:Surgent's Schedule 1-A: Implementing Important OBBBA Deductions for 2025 (SHA2)<br /><br />03/31/27 12:00 PM CST - 03/31/27 02:00 PM CST<br />Description:<br />Schedule 1-A is a new tax form designed to consolidate four key OBBBA deductions that can be taken for the first time in 2025. Ultimately these four deductions: the tip deduction, the overtime deduction, the deduction for interest paid on a new car loan, and the senior deduction, appear as a single entry on line 13b of Form 1040. These deductions are phased out at higher income levels, the calculation of which takes place on Schedule 1-A. <br />
<br />
Accounting and finance professionals who wish to understand the mechanics of the four deductions and how they are expressed on Schedule 1-A and consolidated on Form 1040 would benefit from taking this program. <br><br><b>Objectives:</b><br><ul>
    <li>Implement the most common OBBBA changes for tax year 2025 using the new Schedule 1-A</li>
</ul><br><b>Presenters:</b><br>Mike Tucker, Ph.D., LL.M., J.D., CPA<br>Karen Davis, EA, MBA, Ph.D.<br>Edward Renn, Esq.<br><br><b>Field of Study:</b><br>Taxes (2)<br><br><b>Major Topics:</b><br><ul>
    <li>Purpose and organization of Schedule 1-A, Form 1040</li>
    <li>Taxpayers who can use Schedule 1-A</li>
    <li>The relationship of Form 1040 and Schedule 1-A</li>
    <li>Calculating modified adjusted gross income (MAGI) on Part I, Schedule 1-A</li>
    <li>The tip deduction, calculated on Part II, Schedule 1-A</li>
    <li>The overtime deduction, calculated on Part III, Schedule 1-A</li>
    <li>The car loan interest deduction, calculated on Part IV, Schedule 1-A</li>
    <li>The senior deduction, calculated on Part V, Schedule s1-A</li>
    <li>Phase-outs at higher levels of income </li>
</ul><br />Location:<br />Webinar<br /><br />,  
PRIORITY:3
TRANSP:TRANSPARENT
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