- NY Credits : 9.0
- TX Credits : 9.0
- IRS Enrolled Agent Credits : Federal Tax/Tax Related Matters - 9.0
- IRS Non-Credentialed Return Preparer Credits : Federal Tax Update - 9.0
The Tax Cuts and Jobs Act (TCJA) was signed into law on 12/22/17. It includes many tax changes that will affect individuals. Most were expected because they were included in earlier legislative proposals. Some were unexpected. And some expected changes did not make the final cut. The changes that affect individuals are effective for 2018-2025 unless otherwise indicated. After 2025, the pre-TCJA rules are scheduled to come back into force unless otherwise indicated. This course discusses 49 provisions that individuals and small business owners need to know about these changes.
Upon successful completion of this course, the user should be able to:
identify key tax provisions that impact individual taxpayers such as rate changes, changes to the Kiddie Tax, and itemizing deductions, and
recognize key tax provisions that impact business taxpayers, including changes to rates, IRC Section 179, and meals and entertainment.