Webinar

Tax Update: H.R. 1 "One Big Beautiful Bill" and Form 1040

If you have questions about this event, please call us at 952-831-2707.

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This course provides a focused analysis of the individual and small business provisions in H.R.1, "One Big Beautiful Bill." Tailored for tax professionals working with Form 1040 filers, the course explores impactful updates, from the no-tax-on-tips provision, to enhanced bonus depreciation - designed to inform planning strategies and compliance for the 2025 tax year and beyond.
Participants will gain actionable insight into newly proposed deductions and expanded credits.

This event may be a rebroadcast of a live event and the instructor will be available to answer your questions during the event.

Major subjects

• Individual Taxation: Child tax credit expansion, tip/overtime exclusions, SALT cap extension
• Income & Adjustments: Tip income exclusion, overtime relief, educator expenses
• Business Taxation: Bonus depreciation, Section 199A expansion, interest deduction limits
• Estate & Gift Tax: Increased exemption thresholds, charitable deduction changes
• Education Incentives: Student loan discharge, 529 plan expansion, new "Trump Accounts"
• Compliance & Reporting: 1099-K threshold changes

Learning objectives

• Recognize key individual and small business tax reforms introduced in H.R.1
• Apply provisions such as no-tax-on-tips, no-tax-on-overtime exclusions, expanded senior deductions and car loan interest
• Evaluate planning opportunities using expanded credits, phase-outs, and entity-level deductions
• Advise Form 1040 filers on compliance strategies and tax planning as these provisions take effect

Who should take this program?

• CPAs, EAs, tax professionals, financial planners, attorneys

Pricing

Our records indicate you are a nonmember. If you register, you will be charged $89.00 (Standard Nonmember Fee). Members: Please log in to receive member fee.