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Sunset of TCJA: Tax Planning for Individuals and Businesses

A live 90-minute premium CLE/CPE video webinar with interactive Q&A

This program is included with the Strafford CLE Pass. Click for more information.
This program is included with the Strafford CPE+ Pass. Click for more information.
This program is included with the Strafford All-Access Pass. Click for more information.

Tuesday, April 1, 2025

1:00pm-2:30pm EDT, 10:00am-11:30am PDT

Early Registration Discount Deadline, Friday, March 14, 2025

or call 1-800-926-7926

This CLE/CPE webinar will provide an in-depth analysis of the impact of the expiring individual and business provisions under the Tax Cuts and Jobs Act of 2017 (TCJA) and provide key planning considerations for taxpayers. The panel of tax advisers will discuss the impact of the Act, address planning for withdrawal, and offer tax planning strategies to consider amid the sunset of the TCJA. The panel will also provide tax policy insights and the probability that these lucrative benefits will be extended, modified, or removed under the Trump administration.

Description

Individual taxpayers and business owners may see a dramatic shift in taxation in 2026 due to many provisions of the TCJA scheduled to expire after 2025. Tax counsel and advisers must recognize the potential impact of the sunset of key provisions under the TCJA and understand key tax planning strategies to minimize the tax impact for certain taxpayers.

For pass-through entity owners, the 20 percent QBI (qualified business income) deduction under 199A will expire in 2026, and the top individual income tax rate will return to 39.6 percent from its current rate of 37 percent. For individual taxpayers, the amounts allowed for the child care credit and standard deductions will substantially decrease. These changes and others could create an undue burden on small businesses and individual taxpayers.

Under the Trump administration, certain tax provisions may be extended, modified, or removed. Taxpayers and their advisers need to consider the likelihood or unlikelihood of any changes or extensions of these provisions and be aware of the impact of this expiring legislation and prepare accordingly.

Listen as our panel of federal income tax experts explains the impact of the expiration of the TCJA provisions and offers practical advice on preparing for these changes.

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Outline

  1. The Tax Cut and Jobs Act of 2017
  2. Individual provisions
  3. Business provisions
  4. Updates and insights on extension of TCJA provisions
  5. Planning for the expiration of TCJA provisions

Benefits

The panel will cover these and other critical issues:

  • TCJA expiring provisions that will impact businesses
  • TCJA expiring provisions that will affect individuals
  • Planning for the elimination of TCJA's provisions
  • Recent updates to the state of extending some or all of the provisions included in the TCJA

Faculty

Allen, Janathan
Janathan L. Allen, MBA, JD, LLM

Attorney
Allen Barron

Ms. Allen is an experienced tax attorney and business lawyer who integrates business, legal, tax and accounting...  |  Read More

Goodman, Collette
Collette C. Goodman

Attorney
Goodwin Procter

Ms. Goodman is a counsel in the firm’s Tax practice group. Her practice includes advising clients on fund...  |  Read More

Attend on April 1

Early Discount (through 03/14/25)

See NASBA details.

Cannot Attend April 1?

Early Discount (through 03/14/25)

You may pre-order a recording to listen at your convenience. Recordings are available 48 hours after the webinar. CPE credit is not available on recordings. Strafford will process CLE credit for one person on each recording. All formats include course handouts.

To find out which recorded format will provide the best CLE option, select your state:

CLE On-Demand Video