Tax Cuts & Jobs Act--Individual Tax Preparation

Tax Year:  2018
Prerequisites:  None

Course Description

The Tax Cuts and Jobs Act of 2017 (TCJA), signed into law during the closing days of 2017, will significantly affect tax planning and the income tax liability for many taxpayers. This course will examine the principal changes affecting individual taxpayers made by the TCJA. 

It examines the provisions of the TCJA with increased potential to affect the taxation of individuals and which are related to changes in:

  • individual and capital gains tax rates
  • standard deduction and exclusions
  • income and adjustments to income
  • itemized deductions in Form 1040 Schedule A
  • Form 1040 Schedule C
  • tax credits
  • individual alternative minimum tax (AMT)
  • taxation of unearned income of minor children
  • qualified tuition plans
  • ABLE accounts
  • tax treatment of sztudent loan indebtedness discharges
  • net operating losses
  • Affordable Care Act individual responsibility requirement


In addition, it will consider the business-related TCJA provisions affecting individual taxpayers, including the pass-through deduction for qualified trades or businesses under IRC §199A.

Course Objectives

Upon completion of this course, a student should be able to:

  • recognize and apply the 2018 individual income and capital gains tax rates
  • 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
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