Date/Time
5/29/2025
1:00 PM - 3:00 PM Central
1:00 PM - 3:00 PM Central
Course Registration
Credits
2 Credits
Event Type(s)
Webinars
Event Description
The House of Representatives passed a version of President Trump’s “One Big Beautiful Bill” on May 22, 2025. It contains significant tax law changes and a permanent enactment of the Tax Cuts and Jobs Act (TCJA). These changes must still go through the Senate, and eventually both bodies have to agree on identical versions of the same tax reform provisions. Our program will examine the new changes enacted by the House, and our panel will discuss the TCJA provisions that may become law. These topics have not yet been enacted into law, but we believe many of them will be once they have gone through the Senate.
Practitioners who attend this program will learn about all of these new proposed changes, most of which we believe will be enacted shortly. Many of them will be effective in 2025.
Objectives:
Presenters:
Mike Tucker, Ph.D., LL.M., J.D., CPA
Edward Renn, Esq.
Karen Davis, EA, MBA, Ph.D.
Field of Study:
Taxes (2)
Major Topics:
Practitioners who attend this program will learn about all of these new proposed changes, most of which we believe will be enacted shortly. Many of them will be effective in 2025.
Objectives:
- Be up to date on the latest tax law changes advanced by the House of Representatives
Presenters:
Mike Tucker, Ph.D., LL.M., J.D., CPA
Edward Renn, Esq.
Karen Davis, EA, MBA, Ph.D.
Field of Study:
Taxes (2)
Major Topics:
- Introduction to the House passage and future enactment of the One Big Beautiful Bill
- New rules relating to the taxation of overtime pay and tips
- Increased deduction for seniors
- Changes in the standard deduction and Child Tax Credit
- Increase in the SALT cap to $40,000, with income limitations
- Increase in the estate tax exemption
- Increase in the QBI deduction
- Establishing, funding, and making distributions to newly established accounts for children
- Medicaid changes
- Deducting interest on car loans
- Elimination of green energy credits
- Review of important TCJA provisions
Location
Webinar
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