Event Description

The passage of the One Big Beautiful Bill Act (OBBBA) represents the most consequential tax law since The Tax Cuts and Jobs Act (TCJA) in 2017. It is now up to accounting and finance practitioners to digest this new legislation so they can adequately advise their clients regarding its effect. This course includes detailed coverage of all the individual tax provisions contained in OBBBA. Our experts have broken down this voluminous legislation and distilled its presentation into two parts, each offering four CPE credits. These courses are independent of each other and do not need to be taken in order. For coverage of all business tax provisions, please see Overview and Analysis of the New Tax Law: Part 2 – Focus on Business Taxation (NEW2).

Surgent is providing first-to-market coverage of the legislation in a comprehensive but easily digestible manner. We will, of course, bring our customers future clarifications and corrections emanating from the legislation. Clients will be immediately asking about these enactments, and a real-time understanding of them will be critical to properly provide advice.

Designed For

Accounting and finance professionals who wish to be informed for their own knowledge or who will be advising clients regarding the individual tax changes brought about by the recent legislation

Objectives

Be well informed about individual tax changes resulting from the enactment of the recent legislation

Major Subjects

Treatment of state and local taxes (SALT)
Taxation of overtime pay
 Treatment of income from tips
 New deduction for senior citizens
 Marginal tax rates, personal exemptions, itemized deductions, Child Tax Credit, alternative minimum tax, casualty losses, and other return items
 Moving expense exclusion
 Dependent care assistance program and child and dependent care tax credit
 Home mortgage interest deduction
 Deduction for new vehicle loan interest
 Non-itemizer tax deductions
 Trump accounts/pilot program
 Estate and gift tax changes
 Energy deductions and credits
 Education: expanded use of 529 plans; student loans 
 Many, many other newly enacted individual tax provisions in the far-reaching legislation affecting nearly all taxpayers and their advisors