Date and Time: Wednesday, December 10 – 9:00 am – 12:40 pm EST
Description: This program provides a comprehensive discussion of the major individual provisions of the OBBA of 2025 (H.R. 1), including detailed examples of provisions which were extended, made permanent with substantial changes, and new for 2025 and beyond.
Learning Objectives:
- Familiarize participants with individual provisions of the OBBA of 2025.
- Identify key compliance issues.
- Provide numerical examples of changed and new provisions.
- Discuss tax planning implications of OBBA of 2025.
Program Content:
- An overview of provisions of existing law extended or made permanent without substantial change, including casualty losses, individual tax rates, alternative minimum tax.
- Provisions of existing law extended or made permanent with substantial change with detailed examples, including: child tax credit, earned income credit, standard deduction, state and local tax deduction.
- Discussion of new law provisions applicable to individuals with detailed examples, including deductions for: Tip income and overtime pay, Social security income, Car loan interest, AGI charitable contribution deduction, and Trump account.
- Repeal existing law provisions, including electric car credit and home energy credits
Who should attend: CPAs in public practice and members in industry seeking the latest individual tax developments.
Program Level: Intermediate
Developed By: Federal Tax Workshops, Inc
Instructor: Steven C. Dilley, CPA, JD, PhD
CPE Credit: 4
Field of Study: Taxes
Prerequisites: Basic knowledge of individual taxation.
Advanced Preparation: None
Qualifies for IRS PTIN Credit
Course Content
Steven C. Dilley, CPA, JD, PhD
Steve is President of Federal Tax Workshops, Inc., where for over 40 years, he has developed and presented continuing education seminars and webinars on tax, accounting and ethics topics for accountants and attorneys throughout the country. He is nationally known for his knowledge of the financial, accounting, and tax problems of the closely held business and has published numerous articles on these topics.
In addition, Steve is a Professor Emeritus of Accounting at Michigan State University, East Lansing, where he taught tax accounting. He has been received the “Distinguished Achievement in Accounting Education Award” in Michigan, as well as the MSU Accounting and Information Systems Department Outstanding Teacher Award.
Course materials are only available to students enrolled in the course.