H.R. 1 Hidden Gems: Planning Esssentials Beyond the Headlines

Overview

This hidden gems session will spotlight lesser-known provisions of H.R. 1, also known as OBBBA, that advisers may overlook but that carry important planning implications for clients. 

It will cover changes to:

• Health savings accounts
• 529 education savings accounts
• Student loans
• Dependent care assistance plans
• Revised 1099 reporting thresholds

This session will also cover other key updates that may get missed.

Prerequisites

Fundamental knowledge of the new H.R. 1 tax bill, commonly referred to as OBBBA.

Objectives

• Distinguish and interpret tax and financial planning opportunities for client education decisions, including 529 plans and student loans.
• Analyze the impact of H.R. 1 on dependent care assistance programs and information return reporting.
• Determine how these hidden provisions create new or expanded tax and financial planning opportunities for various client segments for 2025 and beyond.
• Calculate client delivery approaches to confidently and proactively address client questions about less-discussed tax law changes.

Highlights

• OBBBA, HR 1, Education planning, financial planning, tax planning