Tax Cuts & Jobs Act--Individual Tax Preparation

Overview

The Tax Cuts and Jobs Act of 2017 (TCJA) significantly impacts tax planning and income tax liability for many taxpayers. This course examines the principal changes affecting individual taxpayers, including changes in tax rates, credits, deductions, exclusions, itemized deductions, the AMT, children’s income, student loans, and retirement plans. It also covers business-related provisions like the pass-through deduction for qualified trades or businesses under IRC § 199A.

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Objectives

  • Recognize and apply the applicable individual income and capital gains tax rates under the TCJA
  • Identify the changes in deductions, exclusions, adjustments and tax credits resulting from the TCJA
  • Calculate the alternative minimum tax (AMT) and Kiddie tax
  • List the changes affecting Section 529 plans, ABLE accounts, discharge of student loan indebtedness, accounting for net operating losses and the individual responsibility requirement under the Affordable Care Act calculate the pass-through deduction available under IRC §199A

Tax Year: 2024

Designed For:

CPA, EA, and other tax professionals


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Course Information

Adding additional credit may change exam requirements.

Advanced Preparation: None