Recent legislation, including the SECURE Act, SECURE 2.0, and the Inflation Reduction Act, has kept the federal individual tax arena on its toes. This course provides up-todate information on critical tax issues affecting individuals with a focus on compliance and tax planning strategies. Join us for this fast-paced, real-world session and make yourself look like a hero in the eyes of your clients. Course materials include the latest legislative and IRS guidance on the latest key tax topics.
Learning Objectives
- Identify individual retirement account (IRA) and qualified plan distributions.
- Recognize the taxation of virtual currency.
- Recall how health savings accounts {HSAs) work.
- Recall the self-employed health insurance deduction.
- Recall the deductibility of charitable contributions.
- Recall the steps to figuring the qualified business income deduction under Section 199A.
- Recall the net investment income tax {NIIT) on unearned income.
Major Topics
- Filing requirements and personal exemptions
- Gross income inclusions, exclusions, and adjustments
- Standard and itemized deductions
- Tax credits
- Tax provisions for high-income taxpayers
- 3.8% net investment income tax
- Roth IRA, IRA, and retirement plan options
- Section 199A qualified business income deduction
