If you missed the NJCPA’s Monthly Tax Update with Ed Zollars, you can watch a replay. The content is accurate as of the original date presented, 10/22/24. There is no CPE for this on-demand replay.
DESIGNED FOR
CPAs and other financial professionals
BENEFITS
- Recognize the factors that impact what Congress will do, and the uncertainties that remain, regardless of party control.
- Identify the effects of the large reduction in the unified credit for estate and gift taxes.
- Learn how to anticipate the return of miscellaneous itemized deductions on Schedule A.
- Understand the implications of the federal deficit, inflation and the scored costs of the various provisions.
HIGHLIGHTS
Explore the expiring TCJA provisions, the planning strategies needed for these changes and the risks of acting amidst congressional uncertainty, including:
- The end of the Section 199A deduction for passthrough income
- Removal of the $10,000 cap on deductions for state and local taxes
- The return of tax rates on ordinary income for individuals to their pre-TCJA levels
- Reduction of the standard deduction to pre-TCJA levels, adjusted for inflation