- NY Credits : 2.0
- TX Credits : 2.0
- IRS Enrolled Agent Credits : Federal Tax/Tax Related Matters - 2.0
- IRS Non-Credentialed Return Preparer Credits : Federal Tax Update - 2.0
Tax Cuts and Jobs Act for Individuals
The comprehensive tax overhaul of the Tax Cuts and Jobs Act dramatically changes the rules governing the taxation of individual taxpayers for tax years beginning before 2026. The Act provides new income tax rates and brackets, increases the standard deduction, suspends personal exemptions, increases the child tax credit, limits the state and local tax deduction, and temporarily reduces the medical expense threshold, among many other changes. The legislation also provides a new deduction for non-corporate taxpayers with qualified business income from pass-through entities. These materials rely heavily on the Thomson Reuters Checkpoint Complete Analysis of the Tax Cuts and Jobs Act.
Upon successful completion of this course, the user should be able to:
identify changes by the Tax Cuts and Jobs Act to individuals and their tax liabilities.