About This Course:

The One Big Beautiful Bill Act changed a great deal at once — and not every provision starts in the same year. ☕ This course walks through what changed and when: the new deduction for qualified tips under §224, car loan interest under §163(h)(4), the higher SALT cap, the charitable deduction for clients who don’t itemize, the SSN requirement attached to the child tax credit, permanent 100% bonus depreciation, §174A relief for small business research costs, the new tax-advantaged savings accounts for children, and the 1099-K rules your gig clients keep asking about. It’s built around the mistakes preparers are most likely to make — right provision, wrong effective date.

Learning Objectives

• Identify the provisions of the One Big Beautiful Bill Act that take effect in each tax year and determine which apply to the return being prepared
• Determine eligibility for the qualified tips deduction under §224 and the deduction for car loan interest under §163(h)(4)
• Identify the change to the state and local tax deduction cap and the charitable contribution deduction available to taxpayers who do not itemize
• Recognize the social security number requirement attached to the child tax credit and determine its effect on a claim
• Identify the business provisions of the Act, including permanent 100% bonus depreciation and §174A treatment of small business research costs
• Determine how the current 1099-K reporting thresholds apply to a client with gig or platform income