Course Information
2024 Tax Updates: Individual and Business
Course Information
| Title: | 2024 Tax Updates: Individual and Business |
|---|---|
| Category: | Taxation |
| Field of Study: | Taxes |
| Course Code: | M244 |
| CPE Credits: | 9.0 |
| Price: | 65.95 |
Description
Description:
This course provides an update for the 2024 tax filing season as well as discussions on some of the latest tax law and inflation-related changes and a review of general tax topics, including effects on individual and business taxes. It discusses changes to individual taxes as a result of the Tax Cuts and Jobs Act (TCJA or Act) and highlights the different sections of the Act affecting individual tax filers. It also includes a discussion of the qualified business income (QBI) deduction for pass-through entities.
This course includes numerous changes from recent legislation including the Consolidated Appropriations Act, 2023 (CAA 23 or H.R 2617), Inflation Reduction Act (IRA 22 or H.R. 5376), Consolidated Appropriations Act, 2022 (CAA 22 or H.R. 2471), Infrastructure Investment and Jobs Act (IIJA or H.R. 3684), and American Rescue Plan Act of 2021 (ARPA or H.R. 1319), as well as the Coronavirus Aid, Relief, and Economic Security (‘CARES‘) Act, Consolidated Appropriations Act, 2021 (H.R. 133).
Delivery Method: Online Interactive Self Study
Level: Overview
Prerequisites: None
Advanced Preparation: None
Course Details
Category: Taxation
Field of Study: Taxes
Passing Score: 70%
Technical Details: Taxes: Techical
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Objectives
Objectives:
- Recognize recent updates to income tax rates.
- Identify changes to the standard deductions and itemized deductions.
- Recognize changes related to education accounts and the child tax credit.
- Identify changes to the treatment of various sources of income and expenses.
- Identify updates to retirement planning and estate taxation.
- Recognize the treatment for the QBI deduction for pass-through entities.
- Identify updates to business taxation.
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Profession
NASBA: Yes
QAS: Yes
CPA: Suitable for all CPAs
IRS: IRS credit for Enrolled Agents.
Profession Identifiers: CPA, EA