ACPEN: Impact of OBBBA 2025 on the Individual Taxpayer

Overview

This program covers all of the major individual provisions of the OBBA of 2025 (H.R. 1), including detailed examples of provisions which were extended, made permanent with substantial changes, and new for 2025 and beyond. A comprehensive case study will apply many of these provisions to illustrate the impact of these provisions on the individual taxpayer. Other current individual tax issues, including dependent care and student loan reporting, will also be review.

*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 terri.storer@acpen.com

Highlights

• OBBBA 2025 – New law provisions, those extended or made permanent with and without changes, and those repealed
• Illustrative example of how the OBBA changes may impact the everyday taxpayer
• Inflation adjusted rates for 2025 and 2026
• Dependent care credit
• Student loan deduction
• Review of other individual credits and deductions 

Prerequisites

Basic working knowledge of individual taxation

Designed For

CPAs in public practice and members in industry seeking an individual tax update

Objectives

• Familiarize participants with individual provisions of the OBBA of 2025
• Identify key compliance issues
• Provide numerical examples of changed and new provisions
• Discuss tax planning implications of OBBBA of 2025

Preparation

None