Surgent's Overview and Analysis of the New Tax Law: Part 1 - Focus on Individual Taxation

Overview

The passage of OBBBA represents the most consequential tax law since The Tax Cuts and Jobs Act (TCJA) in 2017. It is now up to accounting and finance practitioners to digest this new legislation so they can adequately advise their clients regarding its effect. This course includes detailed coverage of all the individual tax provisions contained in OBBBA. Our experts have broken down this voluminous legislation and distilled its presentation into two parts, each offering four CPE credits. These courses are independent of each other and do not need to be taken in order. For coverage of all business tax provisions, please see Overview and Analysis of the New Tax Law: Part 2 – Focus on Business Taxation (NEW2).

Surgent is providing first-to-market coverage of the legislation in a comprehensive but easily digestible manner. We will, of course, bring our customers future clarifications and corrections emanating from the legislation. Clients will be immediately asking about these enactments, and a real-time understanding of them will be critical to properly provide advice.

Objectives

Be well informed about individual tax changes resulting from the enactment of the recent legislation

Highlights

Treatment of state and local taxes (SALT)

Taxation of overtime pay

Treatment of income from tips

New deduction for senior citizens

Marginal tax rates, personal exemptions, itemized deductions, Child Tax Credit, alternative minimum tax, casualty losses, and other return items

Moving expense exclusion

Dependent care assistance program and child and dependent care tax credit

Home mortgage interest deduction

Deduction for new vehicle loan interest

Non-itemizer tax deductions

Trump accounts/pilot program

Estate and gift tax changes

Energy deductions and credits

Education: expanded use of 529 plans; student loans

Many, many other newly enacted individual tax provisions in the far-reaching legislation affecting nearly all taxpayers and their advisors

Designed For

Accounting and finance professionals who wish to be informed for their own knowledge or who will be advising clients regarding the individual tax changes brought about by the recent legislation

Prerequisites

A basic rudimentary understanding of the tax rules impacting individuals

Preparation

None

Notice

To access this program, log into your CTCPA account at https://www.ctcpas.org/my-cpe/upcoming and click on the orange "Launch Event" button.

Fees

Credits

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Related Courses

Code

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Fields of Study

Leader(s):

Michael Tucker, Surgent McCoy CPE, LLC

Leader Bios

Michael Tucker, Surgent McCoy CPE, LLC

MICHAEL J. TUCKER, CPA, MBA, J.D., LL.M., Ph.D. Mike is an employee of Surgent McCoy CPE, LLC. He authors materials and scripts for the monthly Edward Jones sponsored All Star Tax programs. Mike also writes materials for and conducts almost daily webinars on a variety of tax related topics. Mike works in the offices of T. M. Byxbee Company, CPAs, Mike’s duties at T.M. Byxbee Co. involve advising individual and business clients on a wide variety of transactional matters. Mike was formerly a professor of accounting at Quinnipiac University, in Hamden, CT, where he taught graduate and undergraduate law and tax programs. Mike received his J.D. from New York University and his LL.M. from Georgetown University Law Center. He is a CPA and received his Ph.D. from the University of Houston.

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