Courses

Surgent's Top Individual Tax Planning Strategies

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Member Price: $99.00 Non-Member Price: $129.00

Date/Time:: Jun 5, 2024, 10:00am–12:00pm
Developer:: SURGENT MCCOY SELF-STUDY CPE, LLC
CPE Credits:: Taxes: 2.00
Fields of Study:: Taxes
Level:: Basic

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.

Objective

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

Prerequisite

A basic understanding of the tax rules relating to individual income tax

Advanced Preparation

None