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

Instructor

MaryJane
Hourani

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.

Learning Objectives

After attending this presentation, you will be able to...

• 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.

Major Topics

The major topics that will be covered in this course include:

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, §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

CPE Credits Available

2 CPE Credits

2: Taxes

Things to Know About This Course

Course Level

Update

Professional Area of Focus

Taxation

Prerequisites

None

Advanced Preparation

None

Intended Audience

CPA, EA, Tax Professional, Financial Planner, Attorney

Provider

CPA Crossings

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MSCPA Member

$ 89 89
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MSCPA Non-Member

$ 129 129

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