Federal Individual Tax Update: What the New Law Means for 2025

The One Big Beautiful Bill Act (OBBBA) brings sweeping changes that apply to the 2025 filing season, and this 4-hour course delivers critical updates for individual filers. Designed as a practical and timely 1040 update, it focuses on the new rules shaping 2025 tax returns, including rates, credits, deductions, and key planning strategies under the new law.

Whether you are preparing returns or guiding clients, this session provides condensed but comprehensive insight to help you apply OBBBA changes effectively for the 2025 filing year. This course is ideal for professionals who need an efficient and relevant update without missing essential changes.

Learning Objective:

At the end of this course, you will be able to- x Prepare Form 1040 based on 2025 tax law changes x Identify updated tax rates, brackets, and standard deduction amounts x Apply revised rules for key credits, including the Child Tax Credit and EITC x Address changes to income inclusion and exclusions x Recognize updated rules for itemized deductions x Analyze changes to QBI and relevant individual tax provisions x Recommend year-end strategies aligned with the new law x Communicate legislative changes effectively to clients and teams

Major Topics:

x Key provisions of the One Big Beautiful Bill Act (OBBBA) x Tax rate and bracket changes x Standard and itemized deduction updates x Credit revisions: Child Tax Credit, EITC, and others x Income phaseouts and thresholds x QBI considerations for individuals x Health-related and ACA tax updates x Year-end planning strategies for 2025

Who Should Attend

CPAs, EAs, and other tax professionals