During this webinar, Member of the Firm Nat Fissel, Manager Kelly Chambers, and Supervisor Nick Chapman provide insights on the most significant tax law changes since 2017.
Topics include:
- Key Tax Law Changes:
- Permanent extensions of Tax Cuts & Jobs Act (TCJA) provisions, including lower income tax rates and increased standard deductions
- New Deductions & Credits:
- $6,000 senior deduction for taxpayers 65+
- Child Tax Credit increased to $2,200 per child
- State & Local Tax (SALT) deduction cap raised to $40,000
- Business Impacts:
- 100% bonus depreciation made permanent
- Expanded Section 179 and Qualified Business Income (QBI) deductions
- Changes to Research & Development (R&D) expensing and interest limitations
- Estate & Trust Updates:
- Lifetime gift tax exclusion adjustments and permanent rate changes
- Planning Strategies:
- Tips for bundling deductions, optimizing credits, and preparing for retroactive provisions
- What’s Still Unclear:
- Guidance on unresolved provisions and what to watch for in 2026
As always, we are here to help! Complete the consultation form below the video if you’d like one of our team members to reach out.