The Tax Cuts and Jobs Act of 2017 (TCJA), signed into law during the closing days of 2017, significantly affects tax planning and the income tax liability for many taxpayers. This course will examine the principal changes affecting individual taxpayers made by the TCJA and the current limits applicable to them.
It examines the provisions of the TCJA with increased potential to affect the taxation of individuals related to changes in:
• Individual and capital gains tax rates;
• Standard deduction and exclusions;
• Income and adjustments to income;
• Itemized deductions in Form 1040 Schedule A;
• Form 1040 Schedule C;
• Tax credits;
• Individual alternative minimum tax (AMT);
• Taxation of unearned income of minor children;
• Qualified tuition plans;
• ABLE accounts;
• Tax treatment of student loan indebtedness discharges;
• Net operating losses; and
• Affordable Care Act individual responsibility requirement.
In addition, it will consider the business-related TCJA provisions affecting individual taxpayers, including the pass-through deduction for qualified trades or businesses under IRC §199A.
To complete this course participants need to: Read the material provided and answer chapter review questions, successfully complete the qualified assessment with a minimum of 70% accuracy to receive your certificate.
Upon course completion A course evaluation form is provided for your feedback.
Participants have 1 year from the date of purchase/enrollment to complete this course
Our Refund policy can be found at: https://cpeprime.com/cancellation-and-refund/