The need for individual tax planning has never been greater. After passage of the One Big Beautiful Bill (OBBB), exclusions from income, above-the-line deductions, and credits will play a critical role in tax planning, but the changes to business, itemized, and exemption deductions must also be considered. This course reviews the different types of planning and essential planning techniques. Examples of these approaches are illustrated as scores of tax strategies are presented.
Learning Objectives
• Review the tax formula and recent developments, including the One Big Beautiful Bill
• Describe and illustrate the different types of planning and frequently used techniques
• Review tax strategies from the areas of education, retirement, investment, and estate planning
Major Topics
• An overview of the individual and business tax changes in the One Big Beautiful Bill
• Identifying tax planning opportunities in the tax formula
• Different types of planning
• Frequently-used planning techniques
• Qualitative and quantitative considerations
• The connection between tax planning and other financial planning areas, such as retirement, investment, insurance, and estate planning
• Looking to the past, present, and future as we plan
