The 2025 tax landscape represents a seismic shift under the One Big Beautiful Bill Act (OBBBA) and emerging SECURE 2.0 regulations. This update breaks down the five most impactful changes.
DESIGNED FOR
CPAs and accounting professionals in public practice and industry who advise individuals and closely held businesses on tax matters
BENEFITS
- Identify what qualifies as deductible tip income and how the $25,000 cap applies.
- Apply bonus depreciation rules, including the written binding contract test and rate elections.
- Understand SALT deduction planning under the expanded cap and steep phase-out.
- Implement Roth catch-up requirements using SECURE 2.0 wage thresholds and transition relief.
HIGHLIGHTS
Items to be covered in this webinar include:
- No tax on tips (IRC Section 224)
- Qualified overtime deductions (IRC Section 225)
- 100% bonus depreciation restoration
- SALT cap expansion and high-income phase-outs
- Mandatory Roth catch-up contributions (SECURE 2.0 Section 603)