Surgent's Top Individual Tax Planning Strategies
Online
2.00 Credits
Member Price $99.00
Non-Member Price $134.00
Overview
The Inflation Reduction Act (IRA) and SECURE Act 2.0 both contained tax law changes that impact many individuals in 2024 and in later years. This program covers many of these changes as well as other tax topics that continue to impact individual income taxpayers.
Objectives
- Advise individual clients on tax changes and opportunities in 2024 and after
Highlights
- New Clean Vehicles (CV) and the Clean Vehicle Credit
- What the CV seller must provide to the buyer
- Credit for previously owned CVs
- Energy efficient home improvement credit
- Increase in age for required beginning date for RMDs
- Reduction in excise tax on RMD failures
- Indexing IRA catch-up limit
- Higher catch-up limit to apply at age 60, 61, 62 and 63
- Withdrawals for certain emergency expenses
- Qualifying longevity annuity contracts (QLACs)
- One-time election for qualified charitable distribution (QCD) to split-interest entity; increase in QCD limitation
Designed For
Tax practitioners who anticipate advising individual clients regarding tax planning opportunities for 2024 and later
Prerequisites
A basic understanding of the tax rules relating to individual income tax
Preparation
None
Notice
To access this program, log into your CTCPA account at https://www.ctcpas.org/my-cpe/upcoming and click on the orange “Launch Event” button.
Leader(s):
Leader Bios
Michael Tucker, Surgent McCoy CPE, LLC
MICHAEL J. TUCKER, CPA, MBA, J.D., LL.M., Ph.D. Mike is an employee of Surgent McCoy CPE, LLC. He authors materials and scripts for the monthly Edward Jones sponsored All Star Tax programs. Mike also writes materials for and conducts almost daily webinars on a variety of tax related topics. Mike works in the offices of T. M. Byxbee Company, CPAs, Mike’s duties at T.M. Byxbee Co. involve advising individual and business clients on a wide variety of transactional matters. Mike was formerly a professor of accounting at Quinnipiac University, in Hamden, CT, where he taught graduate and undergraduate law and tax programs. Mike received his J.D. from New York University and his LL.M. from Georgetown University Law Center. He is a CPA and received his Ph.D. from the University of Houston.
Non-Member Price $134.00
Member Price $99.00