2025/2024 Tax Update & Inflation Adjustments
 
Course Description:
This mini-course examines key individual, business, retirement, and estate tax provisions recently enacted or indexed for inflation in an overview format that is easy to reference. The emphasis is on quick access to major tax changes having special meaning to the tax practitioner and return preparer. The course is a great resource and a way for professionals and staff alike to easily get the “big chunks” and bring their professional knowledge up to speed.

Learning Objectives:
Upon successful completion of this course, participants will be able to:

• Recognize the various issues affected by inflation and recent tax law developments especially as they relate to individual tax brackets, exemptions & deductions, the AMT, the child tax credit, alimony, HSAs, education plans, and energy credits.
• Determine the key business tax issues affected by inflation adjustments and recent legislative changes, including corporate tax rates, entertainment expenses, tax credits & deductions, bonus depreciation, expensing, standard mileage rates, employment taxation, low-income housing tax credit, §1031 exchange property, partnership taxation, insurance deductions, excessive compensation, and investment income.
• Specify differences between various retirement plans, including inflation-adjusted contribution limits and phaseout limits, and determine estate taxes by identifying trust income tax rates and determining applicable exclusion amounts.

 
Course Number: MI11002
NASBA Field of Study: Taxes
Level: Overview
Author/Instructor: Danny C. Santucci
Publication Date: January 2025
CPE Credits: 6
Program Prerequisites: General understanding of federal income taxation
Advanced Preparation: None


 


CPE Solutions, LLC is listed as a registered sponsor with the California Tax Education Council.
To confirm this, you may visit the CTEC Board website by clicking here.
Our provider number is 3063.
CTEC course number is 3063-CE-0824
Federal Tax Law Hours: 6
California Tax Education Council P.O. Box 2890
Sacramento, CA 95812-2890 Phone: 877-850-2832