Tax Law Shifts: Updates, TCJA, SALT Limits, and Medical Rules

Stay ahead of the evolving tax landscape with this essential CE course. Gain clear, actionable insights to navigate upcoming changes and make informed, strategic decisions with confidence. Secure your spot today and ensure compliance while positioning yourself—and your clients—for success.

As Congress advances major tax reforms, the new reconciliation bill could bring substantial changes for individuals, families, and businesses. With extensions to key Tax Cuts and Jobs Act (TCJA) provisions, along with new credits and limitations, the tax landscape is rapidly evolving. Are you prepared to adjust your strategies, navigate these complexities, and help clients—or your own finances—stay ahead in this shifting environment?

From changes to itemized deductions and the SALT cap to expanded tax incentives for businesses and education, this update covers all the key developments. Major highlights include permanent AMT relief, revised Earned Income Tax Credit rules, and updated regulations for ABLE accounts, student loans, and energy credits. Business owners, in particular, should take note of the new bonus depreciation guidelines and adjustments to interest and R&D expense deductions.

Learning Objectives:

• Identify permanent TCJA provisions and their implications.

• Discuss SALT cap adjustments and phaseout thresholds.

• Analyze business interest and bonus depreciation updates.

• Explain education-related and medical deduction changes.

• Differentiate between new and expiring tax provisions.

Key Session Topics:

• TCJA Provisions Extended.

• SALT Deduction Revisions.

• Business Incentive Changes.

• Education and Medical Rules.

• New Temporary Provisions.

  
  

Areas Covered:

• TCJA Renewal – Emphasizes the potential extension/updates to the Tax Cuts and Jobs Act.

• SALT Cap Changes – Directly calls out the State and Local Tax (SALT) deduction limits.

• Medical Deduction Rules – Highlights adjustments to medical expense deductions.

• IRS Adjustments: SALT Cap Impact & New Medical Expense Rules.

  
  

Credits and Other information:

• Recommended CPE credit – 2.0
  
• Recommended field of study – Taxes
• Session Prerequisites and preparation: None
• Session learning level: Basic
• Location: Virtual/Online
• IRS CE Provider: #PUPOT
• Delivery method: Group Internet Based
• Attendance Requirement:  Yes
• Session Duration: 2 Hours
• Case Studies and Live Q&A session with speaker held after the event.
  
• PowerPoint presentation for reference

Who Will Benefit:

• CPA
  
• Enrolled Agents (EAs)
• Tax Professionals
• Attorneys
• Other Tax Preparers
• Finance professionals
  
• Financial planners
• Public accountants
• Business Owner and C-level Executives