Signed into law on July 4, 2025, the One Big Beautiful Bill (OBBBA) represents one of the most sweeping overhauls of the tax code in recent years—impacting individuals, families, and businesses alike. In this comprehensive course, respected tax expert Jason Dinesen, EA, breaks down the key components of the legislation, helping tax professionals understand exactly how these changes will affect the 2025 filing season and beyond.
From new standard deduction amounts and senior exemptions to temporary deductions for tips, overtime, and auto loan interest, the course explores major individual and business provisions. It also covers critical updates to charitable giving rules, wagering loss limitations, PTETs, the return of Pease limitations, and significant changes to energy credits, child and dependent care credits, Section 179, and bonus depreciation.
You'll gain a practical understanding of which provisions are temporary vs. permanent, what thresholds and phaseouts to watch, and how to translate these changes into smart client guidance and planning strategies.
This course is IRS-approved for the AFSP and Enrolled Agent CE credits, making it essential viewing for tax professionals who want to stay compliant and competitive under the new law.
In this information-rich session, you’ll learn:
- Identify key individual tax changes introduced by the One Big Beautiful Bill (OBBBA), including updates to tax rates, standard deductions, and exemption rules.
- Explain new deductions available for tips, overtime, auto loan interest, and non-itemizer charitable contributions.
- Apply revised rules to credits such as the Child Tax Credit, Dependent Care Credit, and Adoption Credit.
- Assess the impact of new and extended provisions related to energy credits, education savings, wagering losses, and PTETs (Pass-Through Entity Taxes).
- Understand business-related changes including Section 179 limits, QBI minimum deduction, 1099 reporting thresholds, and bonus depreciation.
- Evaluate new compliance issues such as the 1% excise tax on remittances, ERC claim limitations, and updates to the AMT and itemized deduction limitations.
This course Counts for 2 Hours of Federal Tax Law for IRS Continuing Education.
About the Presenter:
Jason Dinesen (EA, LPA) is a tax nerd, entrepreneur, tax expert, and a well-known presenter of continuing education courses.
Known for his sharp tax interpretations, he is one of the quickest to bring the analysis of the latest tax updates and IRS guidance to the professional community. Jason has coached over 200,000 accounting, tax, and HR professionals on various topics of accounting, individual taxation, corporate taxation, professional ethics, and much more.
He has presented dozens of webinars on Form 1099 (for 10 years on this subject!), marriage in the tax code, tax updates, the new Form W-4, payroll updates, filing status, tax credits, corporation and partnership taxation, and other issues relating to the modern-day setting.
