Current Status of 2025 Tax Legislation (CS25)

Michael J. Tucker, JD, CPA (moderator), Edward A. Renn, Esq., Lance G. Weiss, CPA, CVA
  • 3
  • Basic
  • Taxes
On-site : Not available; please select a webinar
Webinar : August 20, August 26
Broadcast Times

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Overview

Because the Republicans control Congress and the Presidency, we anticipate massive tax changes that will impact individual and business owner taxpayers. This program presents the changes professionals need to know to navigate tax reform in 2025 and after. The course will explore the extension of some or all Tax Cuts and Jobs Act (TCJA) provisions. We will also explain new, standalone tax legislation separate from TCJA provisions.

Panelists are subject to change.

Major Topics:

  • TCJA extenders
  • Standalone tax-related legislation separate from the TCJA
  • Elimination of provisions of the Inflation Reduction Act of 2022
  • Reduction in funding of the IRS
  • Direct file program update
  • Changes in the state and local tax (SALT) limitation
  • Elimination of income tax on Social Security benefit payments, tips and overtime
  • Substitution of tariffs for certain taxes and the impact of tariffs on consumer prices
  • Deducting interest on car loans
  • Elimination of double taxation on American citizens living abroad
  • Changes in the estate tax exemption and bonus depreciation

Learning Objectives

  • Understand the many new tax changes taking place in 2025 and beyond
  • Advise clients on these tax changes

Accounting and finance professionals who need to know about changes in the tax rules taking place in 2025 and beyond

None

None

Yes

Yes

Varies by state. Check back soon for details