The breadth and complexity of the One Big Beautiful Bill Act (OBBBA) have created significant challenges for practitioners seeking to interpret and apply its provisions. This four-hour course highlights the Act’s most impactful updates for both individual and business taxpayers. By completing the course, participants will gain clear, practical guidance on the new requirements as well as renewed clarity on longstanding rules that continue to apply.
Learning Objectives
- Analyze and apply key provisions of the One Big Beautiful Bill Act
Major Topics
- The SALT cap
- The Child and Dependent Care Credit
- The Child Tax Credit
- Trump Accounts
- Tips, overtime, and car loan interest
- Senior Deduction
- Estate tax changes
- 529 plans
- Investments in students and education
- Section 199A – QBI deduction
- Elimination of energy incentives
- Bonus depreciation and Section 179 changes
- Changes in the deduction of business interest and business losses
- R&E expenditures
- Form 1099 changes
- Expansion of Section 1202 stock
- Individual and corporate charitable contribution changes
- Opportunity Zones
- Limitation on wagering losses
