Baker Tilly: Tax Reform 2025: Key Provisions for Individual Taxpayers

This session will explore how the OBBBA affects individual taxpayers, including updates to tax brackets, deductions, credits, and estate and gift tax rules.

Learning objectives:

- Describe the permanent changes to individual income tax rates, brackets and standard deductions under the OBBBA

- Explain the new limitations on itemized deductions for high-income taxpayers and the implications for charitable giving.

- Explain the impact of the increased SALT cap and examine the current state of PTET regimes.

- Evaluate the impact of estate, gift and GST tax changes, including planning opportunities related to the increased exemption

- Discuss the implications of the Alternative Minimum Tax (AMT) changes and how they affect tax planning for high-net-worth individuals

- Examine new planning opportunities offered by changes to the Opportunity Zone and Qualified Small Business Stock provisions.

Speakers: Duncan Campbell, Jessica Jeane, Michelle VanDellen, Andy Whitehair, Nathan Wright

CPE credit: 1 credit

Field of study: Tax

Visit the Website

Fee:

Complimentary