• An overview of provisions of existing law extended or made permanent without substantial change, including casualty losses, individual tax rates, alternative minimum tax.
• Provisions of existing law extended or made permanent with substantial change, including: child tax credit, earned income credit, standard deduction, state and local tax deduction.
• New law provisions applicable to individuals, including deductions for:
  • Tip income and overtime pay
  • Social security income
  • Car loan interest
  • AGI charitable contribution deduction
  • Trump account
• Repeal existing law provisions, including electric car credit and home energy credits

CPAs in public practice and industry seeking an update on recent legislative changes impacting individual taxpayers.