The Big Beautiful Bill: Tax Reform 2025 and What's Ahead

Overview

What The Big Beautiful Bill Means for You and Your Clients: Breaking Down Key Tax Provisions

The "Big Beautiful Bill" is the most significant tax law package since the TCJA, and it's now law. With dozens of TCJA provisions made permanent and plenty of new rules introduced, this session is packed with critical content for tax professionals. You’ll walk away understanding what’s changed, what’s new, and what to prepare for across individual, business, and estate taxation.

Art Werner breaks down key topics like bonus depreciation, enhanced 199A deductions, Trump accounts, SALT cap changes, estate planning, charitable limits, 1099-K thresholds, and much more. He'll also examine areas with future sunsets, business incentives, and international tax provisions that could impact clients at all income levels.

*Please Note: If you need credit reported to the IRS for this IRS-approved program, please download the IRS CE request form on the Course Materials Tab and submit to kori.herrera@acpen.com

Prerequisites

Basic understanding of individual taxation

Objectives

• Identify the major tax provisions included in The One Big Beautiful Bill Act
• Analyze Changes to the Internal Revenue Code
• Determine how the bill affects individual tax planning strategies
• Evaluate the impact of the bill on pass-through business taxation
• Analyze changes to corporate and international tax rules
• Interpret estate and gift tax modifications under the legislation
• Recognize changes to depreciation and expensing rules
• Assess the tax planning implications for clients affected by international provisions
• Explain the impact of the legislation on 529 plans and new Trump accounts<p>&nbsp;</p>

Highlights

• Extension of individual TCJA provisions
• Expansion of IRC Section 199A
• Bonus depreciation and Section 179 updates
• Changes to the standard deduction and personal exemptions
• Child tax credit revisions
• Business interest deduction limits
• Estate and gift tax thresholds
• International tax changes and foreign surtax provisions
• Creation of Trump Accounts and expansion of 529 plans
• 1099 reporting threshold changes and other administrative updates