Course ID: OBBBID

What H.R.1, “OBBBA” (Commonly Known as “The Big Beautiful Bill Act”) Means for You and Your Clients: Individual and Estate Issues

This course walks through the individual and estate tax changes created by the One Big Beautiful Bill Act (OBBBA). From sunsetting the TCJA provisions to introducing new deduction limits, credits, and savings vehicles, these reforms are wide-reaching. Practitioners will learn how income tax brackets, standard and itemized deductions, child tax credits, charitable rules, and other key areas are permanently or temporarily adjusted. We’ll also cover the new “Trump” savings accounts, rules for tip and overtime deductions, estate and gift exemption increases, and the elimination of the IRS Direct File program. Attendees will leave equipped to help individuals plan under the updated rules and avoid common pitfalls.

In-person and live webcast CPE credit: up to 3.0
On-demand / self-study CPE credit: 3.0

Learning Objectives

After completing this course, you will be able to:

Identify which TCJA provisions have been made permanent for individual taxpayers
Apply new standard deduction and senior deduction rules to taxpayer scenarios
Calculate limitations on itemized deductions, including SALT and gambling losses
Determine charitable deduction limits for both itemizing and non-itemizing taxpayers
Identify eligibility and contribution rules for “Trump” accounts and expanded 529 plans
Use MAGI thresholds to determine eligibility for tip and overtime deductions
Apply updated child tax credit, dependent care credit, and scholarship credit provisions
Recognize changes to estate and gift tax exemption amounts and administrative rules

Major Topics

TCJA sunsets repealed
Individual income tax bracket adjustments
SALT cap phase-ins and phase-outs
Charitable and gambling deduction modifications
Trump accounts and expanded 529 plans
Overtime and tip income deductions
New rules for adoption and scholarship credits
Estate and gift tax exemption increases
Earned Income Tax Credit certification and enforcement
Elimination of IRS Direct File program

Who Should Attend

CPAs, EAs, tax professionals

Fields of Study

Taxes

Prerequisites

Basic understanding of federal business tax law

Provider

Business Learning Institute

CPE Credits

3.0

Level

Update

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