Tax Update

Description: Each year, various limits relevant to income tax preparation and planning are updated. Some changes result from routine inflation indexing, while others stem from new legislation or the expiration of existing laws. This course examines the significant tax updates for 2024–2025, including those introduced by the SECURE Act 2.0 and key inflation-adjusted limits. Context is provided where appropriate to help tax professionals understand the practical implications of these changes in their work.

Description: The Inflation Reduction Act does what it says on the box – it targets inflation. But what else does it do? In this course you’ll learn how this new act addresses taxes on corporations and wealthy individuals, the provisions for clean energy, as well as how it provides additional funding for the IRS – and what that means for you and your clients.

Revision Date: March 2024