Surgent's Top Individual Tax Planning Strategies

Overview

The Inflation Reduction Act (IRA) and SECURE Act 2.0 both contained tax law changes that impact many individuals in 2025 and in later years. This program covers many of these changes as well as other tax topics that continue to impact individual income taxpayers.

Prerequisites

A basic understanding of the tax rules relating to individual income tax

Objectives

• Advise individual clients on tax changes and opportunities in 2025 and after

Highlights

• New Clean Vehicles (CV) and the Clean Vehicle Credit
• What the CV seller must provide to the buyer
• Credit for previously owned CVs
• Energy efficient home improvement credit
• Increase in age for required beginning date for RMDs
• Reduction in excise tax on RMD failures
• Indexing IRA catch-up limit
• Higher catch-up limit to apply at age 60, 61, 62 and 63
• Withdrawals for certain emergency expenses
• Qualifying longevity annuity contracts (QLACs)
• One-time election for qualified charitable distribution (QCD) to split-interest entity; increase in QCD limitation