Name: 2023 Tax Cuts and Jobs Act: Individual Tax Reform
Price: 91 USD
Rating: 4.4 (59 reviews)

What You'll Learn

check_circleReview the individual tax reform provisions and identify which sections changed, and which provisions were not changed, with the implementation of the Tax Cuts and Jobs Act,

check_circleRecognize the tax rate changes for the four types of individual taxpayers,

check_circleRecognize the new standard deduction amounts for the four types of individual taxpayers, and

check_circleIdentify the effective date for all individual tax provisions in the Tax Cuts and Jobs Act

About This Course

This course will provide a quick review of the entire Tax Cuts and Jobs Act Bill (H.R.1.). It will also provide a summary description of all provisions referenced in this section of the Tax Cuts and Jobs Act and will identify the provisions that were changed in the individual tax reform section.

Dive into key areas of reform, including:

Reduction and simplification of individual income tax rates and brackets, including 2023 adjustments.
Changes to the standard deduction and the repeal of personal exemptions.
Treatment of qualified business income (Section 199A deduction).
Simplification and reform of various tax credits, such as the Child Tax Credit and education credits.
Modifications to deductions and exclusions, including those for home mortgage interest, state and local taxes (SALT), charitable contributions, and miscellaneous itemized deductions.
Updates affecting savings, pensions, and retirement planning, as well as estate and gift taxes.
Elimination of the shared responsibility payment under the Affordable Care Act.

Gain a clear understanding of which sections changed and which were updated. Recognize the updated tax rates, standard deduction amounts for various filing statuses, and identify the effective dates of the individual tax provisions. Prepare to navigate the complexities introduced by the TCJA with confidence.

Field of Study: Taxes

Your Instructors

Lambers Inc.

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Lambers, Inc. is a leader in review courses for the EA, AFSP, and CPA exams. Lambers also offers IRS Continuing Education for Tax Preparers and CPE for CPAs. Accounting and finance professionals around the world incorporate Lambers products into their training programs.

Andrew Clark

Andrew is an Enrolled Agent and the President of both Andrew Clark Enterprises and Tax CE Publishing. Andrew has been involved in the CPE market since 2010. In addition to writing CPE programs, Andrew provides tax consulting and tax preparation services to clients in the Sacramento region. Andrew is also an entrepreneur and enjoys consulting with other entrepreneurs helping them to achieve success. Andrew enjoys both reading about taxation topics and creating easy-to-understand programs revolving around these complex concepts. He is also an in-demand lecturer due to his thorough understanding of the tax code and tax code changes.

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2023 Tax Cuts and Jobs Act: Individual Tax Reform

What You'll Learn

About This Course

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