Date: August 15th , 2025

Time: 1pmET | 12pm CT | 11am MT | 10am PT

Duration: 120 Minutes

Description:

Passed in July 2025, the One Big Beautiful Bill (OBBB) builds on the foundation of the Tax Cuts and Jobs Act (TCJA), locking in key provisions that will shape individual tax planning for years to come. This comprehensive legislation introduces a range of reforms from Trump Accounts and expanded standard deductions to changes in tip income treatment and new above-the-line deductions.

This CE course will equip tax professionals and financial advisors with essential insights into these updates. We’ll break down major changes such as:

• The permanency of the increased standard deduction.
• Tax-exempt treatment of tips and overtime pay.
• Reinstated deductions for car loan interest.
• Adjusted SALT deduction caps.
• Expanded above-the-line deductions for educators.

You’ll also explore the introduction of Trump Accounts—new IRA-style savings vehicles for minors with federal seed funding—and analyze how OBBB 2025 affects Social Security, Medicare funding, and the Alternative Minimum Tax (AMT). Plus, we’ll cover implications for Qualified Small Business Stock (QSBS) and the continued repeal of moving expense deductions.

Major Topics:

• Trump Accounts for Minors.
• Tax Exclusions for Tips and Overtime.
• Car Loan Interest Deductibility.
• Revised SALT Deduction Framework.
• Alternative Minimum Tax (AMT) Relief.
• Qualified Small Business Stock (QSBS) Updates.

Learning Objectives

• Describe the key changes to personal deductions and tax credits under OBBB 2025.
• Identify eligibility criteria for tax exclusions on tips and overtime pay.
• Explain the structure, purpose, and beneficiary rules of Trump Accounts.
• Analyze revisions to the SALT deduction, Alternative Minimum Tax (AMT), and student loan provisions.
• Differentiate between itemized deductions and above-the-line adjustments, and understand their practical applications.

Credits and Other information:

• Recommended CPE credit – 2.0
• Recommended field of study – Taxes
• Session Prerequisites and preparation: None
• Session learning level: Update
• Location: Virtual/Online
• Delivery method: Group Internet Based
• Attendance Requirement:  Yes
• Session Duration: 120 Minutes

Who Will Benefit:

• CPA
• Enrolled Agents (EAs)
• Tax Professionals
• Attorneys
• Other Tax Preparers
• Finance professionals
• Financial planners

About Our Speaker

Lynn Fountain , CPA (US)
Lynn Fountain has over 39 years of experience spanning public accounting, corporate accounting and consulting. 20 years of her experience has been working in the areas of internal and external auditing and risk management. She is a subject matter expert in multiple fields including internal audit, ethics, fraud evaluations, Sarbanes-Oxley, enterprise risk management, governance, financial management and compliance.  Lynn has held two Chief Audit Executive (CAE) positions for international companies.   In one of her roles as CAE, she assisted in the investigation of a multi-million-dollar fraud scheme perpetrated by a vendor that spanned 7 years and implicated 20 employees.  The fraud was formally investigated by the FBI and resulted in 5 indictments estimating a $13M fraud loss.