OBBA of 2025: Individual Overview
2.00 Credits
Member Price $79
Non-Member Price $109
Overview
THE ONE BIG BEAUTIFUL BILL IS NOW THE ONE BIG BEAUTIFUL ACT!!! (Signed into law on July 4, 2025!). This program provides a summary of the major individual provisions of the OBBA of 2025 (H.R. 1), with a focus on the extended provisions, provisions made permanent without changes and those major changes, and new provisions for 2025 and beyond.
*Please Note: If you need credit reported to the IRS for this IRS approved program, please download the IRS CE request form on the Course Materials Tab and submit to kori.herrera@acpen.com
Highlights
- An overview of provisions of existing law extended or made permanent without substantial change, including
- casualty losses, individual tax rates, alternative minimum tax
- Provisions of existing law extended or made permanent with substantial change, including: child tax credit, earned income credit, standard deduction, state and local tax deduction
- New law provisions applicable to individuals, including deductions for:
- Tip income and overtime pay
- Social security income
- Car loan interest
- AGI charitable contribution deduction
- Trump account
- Repeal existing law provisions, including electric car credit and home energy credits
Prerequisites
Basic knowledge of individual taxation
Designed For
CPAs in public practice and industry seeking an update on recent legislative changes impacting individual taxpayers.
Objectives
- Familiarize participants with individual provisions of the OBBA of 2025
- Identify key compliance issues
- Discuss tax planning implications of OBBA of 2025
Preparation
None
Leader(s):
Leader Bios
Steven Dilley, Federal Tax Workshops
Steven C. Dilley, CPA, JD, PhD, is president of Federal Tax Workshops, Inc., located in East Lansing, Michigan. He is nationally known for his knowledge of the financial, accounting and tax problems of the closely held business and individual taxpayers. He has published numerous articles on these topics. In addition, Steve is a professor of accounting at Michigan State University, where he teaches tax accounting and has recently received two teaching awards. He is a member of the Michigan Association of CPAs, Wisconsin Bar Association, the American Accounting Association, AICPA, American Tax Association and Hawaii Association of Public Accountants.
Non-Member Price $109
Member Price $79