Planning for the Sunset of the TCJA

Overview

With a focus on planning and compliance, this course equips CPAs, EAs, and other tax professionals with the tools needed to navigate the sunset provisions and guide their clients effectively.

Highlights

Key Topics

• Marginal tax rate increases and changes to brackets
• Expiration of bonus depreciation provisions
• Reduction in the Child Tax Credit and return of personal exemptions
• Estate and gift tax planning under reduced exemptions
• Impact of the SALT cap elimination on high-income taxpayers
• Alternative Minimum Tax (AMT) changes
• Qualified Business Income (QBI) deduction sunset provisions
• Planning strategies for individuals and businesses before 2026

Prerequisites

Basic understanding of individual and business taxation.

Designed For

Who Will Benefit

CPAs, EAs, and tax professionals

Objectives

Learning Outcomes

• Identify individual and business tax provisions affected by the TCJA sunset.
• Calculate the impact of sunset changes on marginal tax rates and deductions.
• Evaluate changes to the estate and gift tax exemption and their implications.
• Assess the reduction of the Qualified Business Income (QBI) deduction.
• Discuss the potential elimination of the SALT deduction cap.
• Advise clients on timing income and deductions to optimize tax savings.
• Analyze planning opportunities for businesses under bonus depreciation rules.
• Formulate strategies for addressing the return of personal exemptions.