The One Big Beautiful Bill (OBBBA), signed into law on July 4, 2025, delivers sweeping changes to the federal tax code—many of which directly impact California taxpayers and tax professionals. This engaging and comprehensive course, taught by tax expert Jason Dinesen, EA, breaks down the most important updates, from standard deduction changes and expanded exemptions to updates in fringe benefits, energy credits, and bonus depreciation.
Designed specifically for tax preparers, this CTEC-approved course focuses on how OBBBA affects both individuals and businesses. Learn how to apply new rules on tips, overtime, wagering losses, auto loan interest, and energy incentives. We’ll also examine client-focused strategies for navigating phaseouts, temporary versus permanent provisions, and planning for 2025 and beyond.
This course satisfies CTEC CE requirements and ensures you’re equipped with the knowledge needed to stay compliant and confidently serve your clients in the 2025 filing season.
In this information-rich session, you’ll learn:
- Recognize major individual tax law updates introduced by OBBBA, including revised standard deductions and exemption rules.
- Explain new federal deductions for tips, overtime, and auto loan interest, with special consideration for their application to California clients.
- Navigate updates to family-related tax credits, including the Child Tax Credit, Dependent Care Credit, and Adoption Credit.
- Apply expanded provisions for wagering losses, energy credits, education savings, and PTETs in the context of California returns.
- Understand business-related federal changes, including Section 179, QBI adjustments, new 1099 thresholds, and bonus depreciation updates.
- Evaluate emerging compliance considerations, such as the 1% excise tax on remittances, new ERC limitations, and changes to itemized deductions and AMT.
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.
