Course Information

Tax Cuts & Jobs Act - Individual Tax Preparation

Overview

The Tax Cuts and Jobs Act (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 covers business-related provisions like the pass-through deduction for qualified trades or businesses under IRC §199A. It also notes the impact of the OBBBA on some of the TCJA provisions.

Find this course for your license

License or Certification

Regulator

Learning Objectives

Apply the provisions of OBBBA effective in 2025 to affected TCJA provisions
Recognize and apply the applicable individual income and capital gains tax rates under the TCJA
Identify the current-year deductions, exclusions, adjustments, and tax credits
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

Designed For:

CPA, EA, and other tax professionals

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Course Information

Adding additional credit may change exam requirements.

Advanced Preparation:

None

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