Beyond the Headlines: The One Big Beautiful Bill - Part I ON DEMAND

Overview

This course unpacks key changes including extended TCJA rate cuts, a larger standard deduction, expanded Child Tax Credit, and AMT adjustments.

Highlights

Federal tax updates. IRS compliance guidelines. Tax planning strategies.

Prerequisites

Work experience in tax planning or tax compliance, or an introductory course in taxation.

Designed For

CPA and tax professionals.

Objectives

Identify key individual tax changes under the OBBB, including rate cuts and standard deduction adjustments. Recognize updates to the Child Tax Credit, AMT thresholds, and new above the line deductions. Distinguish limitations on mortgage interest, casualty losses, and itemized deductions under OBBB. Evaluate the planning implications of new deductions for tip income, overtime, and auto loan interest.

Preparation

None.

Notice

None.