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Self-Study Courses

2025 Tax Legislation: The One Big Beautiful Bill

2 CPE Credits $38.00/credit hour
4.9 (18 ratings)
Per the IRS Education Provider Standards this course must be COMPLETED by 12/31/2028 to receive credits. NOTE: Go to My Professional Profile in your CCH CPELink account settings to ensure your name, and PTIN number; matches your PTIN card

Congress passed on July 3, 2025, one of the most consequential tax legislation in recent years. The well-informed tax practitioner will want to stay abreast of these developments! This course will start with a short background of this legislation as it made its way through Congress and to the President’s desk. We will then review the final provisions that were approved by the Senate and passed by the House. We will also cover key issues that had been dropped from the initial House version and provide observations for possible future legislation.

Publication Date: July 2025

Topics Covered

  • B3 Tax Provisions
  • Individual Provisions
  • General Business Provisions

Learning Objectives

  • Explain the process that the House, Senate and Committees undertake in passing tax legislation
  • Identify the various provisions contained in the One Big Beautiful Bill passed by Congress on July 3, 2025, and sent to the President for signature
  • Identify potential changes that could occur in future legislation or executive orders
  • Identify potential future implications of the One Big Beautiful Bill
  • Identify the increased standard deduction amount for single filers for tax years beginning after 2024
  • Identify the temporary deduction amount for individual taxpayers aged 65 or older, related to Social Security

Level
Basic

Instructional Method
Self-Study

NASBA Field of Study
Taxes (2 hours)

Program Prerequisites
None

Advance Preparation
None

Instructor

Allison McLeod

Professor McLeod, LL.M., JD, CPA, is currently a full-time Senior Lecturer at the University of North Texas, where she has taught classes in Corporate Income Taxes, Multi-jurisdictional Taxes, Individual Taxes, Tax Research, Ethics and Financial Accounting. She has taught as an adjunct professor at the University of North Texas College of Law.

Prior to Professor McLeod going into academia, she worked for 18 years in industry and in a Big Four accounting firm. Professor McLeod earned a law degree from Baylor School of Law, and an LL.M. degree in Taxation from Southern Methodist School of Law. She has been a licensed CPA since 1993 and has been licensed to practice law since 1992. Professor McLeod has enjoyed teaching live ethics course to CPAs since 2011 and is the owner of  www.cpaethicsonline.com, which offers on-line self-study courses to CPAs. She currently serves on the Professional Ethics Committee of the Texas Society of CPAs.which offers on-line self-study courses to CPAs. She served on the Professional Ethics Committee of the Texas Society of CPAs and the AICPA CPA Exam Committee (REG).
$76.00 / 2 CPE
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