On-Demand

2 CPE Credits

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

On-Demand
2 CPE Credits

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.

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.

Major Topics

  • 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

  • Basic

Prerequisites

None

Advanced Preparation

None

Intended Audience

CPA, EA, Tax Professional, Financial Planner, Attorney

Provider

CPA Crossings

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