From Brackets to Benefits: H.R. 1 Individual Tax Deep Dive
October 23, 2025
Webcast Replay
3.5 CPE Credits
From Brackets to Benefits: H.R. 1 Individual Tax Deep Dive
Part of the H.R. 1 Tax Masterclass Series, this session covers the major individual tax changes under H.R. 1, also known as OBBBA. We’ll begin with:
State and local tax (SALT) itemized limits and the temporary cap boost
Bracket creep and the fixed 37% top rate compared to inflation-indexed lower brackets From there, we’ll explore temporary deductions, including:
The senior deduction
Car loan interest, tech, and gig economy write-offs
A new above-the-line deduction for tips and overtime We’ll also:
Review planning scenarios for family credits ahead of the 2025 transition
Review current compliance and reporting changes
Compare “Trump accounts” to Roth IRAs and 529 plans. The session wraps with tax planning strategies to help clients manage deduction phaseouts and prepare for 2026 rule changes.
Learning Objectives
Distinguish SALT strategies by assessing the impact of the temporary SALT cap increase and itemized deduction limits on client returns.
Compare the fixed 37% bracket to inflation-indexed brackets and quantify bracket creep effects.
Apply temporary deductions and implement client scenarios for senior, car loan, tech/gig, and tips/overtime deductions.
Calculate a plan around family credits, and design transition strategies for expanded child / dependent care (Sec. 70405) and adoption credits (refundability under Sec. 70402 and adoption costs under Sec. 70403), as well as the premium tax credit (Sec. 71301).
Identify key reporting changes and draft checklists for Forms 1099 K/NEC thresholds and new forms.
Analyze recent changes to Sec. 127 educational assistance plans (including the employer paid student loan interest under ARPA), 529 plan expansions, the employer provided childcare tax credit (Sec. 70401), and employer-provided dependent care assistance (Sec. 70404).
Compare tax-advantaged accounts (e.g., contrast “Trump accounts” with Roth and 529 vehicles and formulate client conversation starters).
Major Topics
SALT deduction cap increase
Family credits
Compliance and reporting changes
Tax planning synthesis
Employee benefits
"Trump accounts"
CPE Credits Available
3.5 CPE Credits
3.5
Taxes
Things to Know About This Course
Course Level
Intermediate
Professional Area of Focus
Tax;Taxation
Prerequisites
Fundamental knowledge of the new H.R. 1 tax bill, commonly referred to as OBBBA.
Advanced Preparation
None
Intended Audience
CPAs, tax practitioners, small firms, medium firms, large firms, sole practitioners
