

From Brackets to Benefits: H.R. 1 Individual Tax Deep Dive
Part of the H.R. 1 Tax Masterclass Series, this session covers key individual tax changes, including SALT, brackets, deductions, credits, compliance, “Trump accounts,” and planning for 2025–2026 transitions.
Format
Webcast
Date
Oct 23, 2025
NASBA Field of Study
Taxes
Level
Intermediate
CPE Credits
3.5
Instructor
Deborah Walker, Mark Gallegos, Kasey Pittman , Annette Nellen
Availability
3 months
Product Number
WC5041420
Part of the H.R. 1 Tax Masterclass Series, this session covers the major individual tax changes under H.R. 1, also known as OBBBA.
We’ll begin with:
- State and local tax (SALT) itemized limits and the temporary cap boost
- Bracket creep and the fixed 37% top rate compared to inflation-indexed lower brackets
From there, we’ll explore temporary deductions, including:
- The senior deduction
- Car loan interest, tech, and gig economy write-offs
- A new above-the-line deduction for tips and overtime
We’ll also:
- Review planning scenarios for family credits ahead of the 2025 transition
- Review current compliance and reporting changes
- Compare “Trump accounts” to Roth IRAs and 529 plans.
The session wraps with tax planning strategies to help clients manage deduction phaseouts and prepare for 2026 rule changes.
Key Topics
- SALT deduction cap increase
- Family credits
- Compliance and reporting changes
- Tax planning synthesis
- Employee benefits
- "Trump accounts"
Learning Outcomes
- Distinguish SALT strategies by assessing the impact of the temporary SALT cap increase and itemized deduction limits on client returns.
- Compare the fixed 37% bracket to inflation-indexed brackets and quantify bracket creep effects.
- Apply temporary deductions and implement client scenarios for senior, car loan, tech/gig, and tips/overtime deductions.
- Calculate a plan around family credits, and design transition strategies for expanded child / dependent care (Sec 70405), adoption credits (refundability under Sec. 70402 and adoption costs under 70403) as well as the premium tax credit (section 71301).
- Identify key reporting changes and draft checklists for Forms 1099 K/NEC thresholds and new forms.
- Analyze recent changes to Sec. 127 educational assistance plans (including the employer paid student loan interest under ARPA), 529 plan expansions, the employer provided childcare tax credit (Sec. 70401), and employer provided dependent care assistance (section 70404).
- Compare tax-advantaged accounts (e.g., contrast “Trump accounts” with Roth and 529 vehicles and formulate client conversation starters).
Who Will Benefit
- CPAs
- Tax practitioners
- Small firms
- Medium firms
- Large firms
- Sole practitioners
Bundle and Save
Bundle this session with the remaining four in the HR. 1 Tax MasterClass Series to access all 5 classes, earn 10 CPE credits, and receive a 20% discount compared to stand-alone pricing.
For a more comprehensive learning experience, combine the H.R. 1 Tax MasterClass Series with the HR. 1 PFP MasterClass Series — featuring 5 classes, 7 CPE credits, and a 25% discount off stand-alone course pricing.
Together, they form the H.R. 1 MasterClass Series Bundle: 8 classes, 15 CPE credits, and an additional 13% discount when purchased as a combined bundle.
Group ordering for your team
2 to 5 registrants
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US customers call 1-800-634-6780 (option 1)
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