2025 Tax Legislation: The One Big Beautiful Bill
Author: Allison McLeod
| CPE Credit: |
2 hours for CPAs
2 hours Federal Tax Related for EAs and OTRPs
2 hours Federal Tax Law for CTEC |
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
