Tax Season Update for Individuals with Steve Dilley

This program provides an update to the latest tax developments, rules and regulations impacting individual taxpayers, with a review and integration of the numerous 2024/25 legislation. This event may be a rebroadcast of a live event and the instructor will be available to answer your questions during the event.

After attending this presentation you will be able to...

• Apply practical strategies based on recent developments
• Identify and recall key compliance issues
• Identify and recall significant changes in tax forms

Highlights

The major topics covered in this class include:

• 2024/25 legislative developments, cases and rulings impacting individual taxpayers
• Changes to Form 1040 and other related forms, worksheets and schedules
• Individual income items, itemized deductions and credits
• Updated tax rate schedule and other inflation adjusted items
• Implications for self-employed taxpayers of various legislation
• Section 199A changes, including use of carryforward passive activity and 199A losses
• Capital gains and losses
• Passive activity and hobby loss rules changes