Objective
- Advise individual clients on implementing tax planning strategies in 2022 and after
Highlights
- Consider selling depreciated stock but watch the impact of the wash sale rules
- Taxpayer favorable health care-related provisions of the IRA
- Limits on costs for coverage under Medicare Part D
- Retention of government subsidized health insurance coverage for some individuals
- Carried interest rules survive unchanged
- Ins and outs of the energy-efficient home improvement credit
- New credit for a previously owned clean vehicle
- Anticipated loss of 100% bonus depreciation
- The Biden plan for student loan forgiveness
- ICHRAS as a health insurance coverage option for employers
Designed For
Tax practitioners who anticipate advising individual clients regarding tax planning opportunities for 2022 and laterPrerequisite
A basic understanding of the tax rules relating to individual income taxAdvanced Preparation
None