Surgent's 2025 Tax Changes and Year-end Planning Opportunities

Overview

This program covers tax planning developments in 2025 that are relevant to accounting and finance professionals and their clients. Most of the 2025 planning opportunities we discuss are the result of changes in the tax law brought about by the One Big Beautiful Bill Act (OBBBA). Tax advisors and their clients now have the opportunity to utilize these changes to develop tax planning strategies for 2025 and for later years.

Highlights

• Using the new rules for tips and overtime pay
• Customarily tipped occupations mandatory for the tips deduction
• Taking advantage of the increased standard deduction
• How to qualify for the $6,000 senior deduction
• Estate tax planning after OBBBA, including a discussion of the portability election
• Using 529 plans and ABLE accounts most effectively
• Treating postsecondary credentialing expenses as qualified higher education expenses for purposes of 529 accounts
• Taking advantage of the SALT deduction
• Pass-through entity considerations
• Deducting interest on new car loans
• Making the most of the new Trump Accounts
• Using scholarship granting organizations to subsidize school expenses
• Using green energy credits before they expire
• New health savings accounts rules
• The QBI deduction
• Forms 1099-K, 1099-MISC, and 1099-NEC
• Employer student loan payments
• Taking maximum advantage of bonus depreciation
• Qualified production property
• Taking advantage of expanded Section 179 depreciation
• Domestic research and experimental expenditures
• Business losses
• New Opportunity Zone legislation
• Section 1202 QSBS
• Other timely provisions

Prerequisites

None

Designed For

Any accounting or finance professional advising clients who need to know about tax changes and potential tax saving strategies available in late 2025 and for later years

Objectives

• Advise clients regarding tax changes and tax strategies available in late 2025 and for later years in light of the many important tax changes enacted in OBBBA

Preparation

None

Notice

This course is offered by a 3rd party vendor and will not be accessible in the My CPE Tracker section of the ISCPA website. Course access information will be emailed directly to you by Surgent Professional Education.