Compass Tax Educators

The One Big Beautiful Bill Act is the biggest set of tax law changes since the Tax Cuts and Jobs Act, and goes well beyond a simple extension of that law. This webinar will focus on provisions impacting tax year 2025, and provisions requiring planning analysis in 2025. Topics will include, but are not limited to: tips deduction, overtime deduction, car loan interest deduction, senior citizen deduction, state and local tax (SALT) deduction, bonus depreciation, research & development expenses, qualified disaster losses and personal casualty losses, and §1202 qualified small business stock.

Learning Objectives:

• Explain and calculate the new deduction for qualified tips.

• Explain and calculate the new deduction for qualified overtime compensation.

• Explain and calculate the new deduction for qualified passenger vehicle loan interest.

• Explain full expensing opportunities related to bonus depreciation, §179 deductions, and R&D expenses.
  

Education Information:

IRS Program Number: NMVBP-T-00319-25-S

Credit Hours: 2 CPE (NASBA); 2 CE (IRS)

Prerequisite: None

Advanced Preparation: None

Program Level: Basic

Delivery Method: QAS Self-Study (NASBA); On-Demand (IRS)

Field of Study: Taxes (NASBA); Federal Tax Topics/Federal Tax Related Matters (IRS)

Information can be found quickly by searching key terms in the text/PowerPoint using the built-in search feature.

Course expires one year after purchase.

Instructor: Thomas Gorczynski, EA, CTP, USTCP Click here to learn more about the instructor.

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