The newly enacted tax law introduces sweeping changes that will impact individuals, businesses and not-for-profit organizations. Watch our specialists provide a timely, actionable overview of the most significant provisions—and the opportunities they present. Whether you’re navigating tax strategy for you or your business, R&D expensing, philanthropy or executive compensation, this session will help you understand what’s changed and how to plan effectively for 2025 and beyond.
Here are some key takeaways:
- Many TCJA Provisions Extended or Made Permanent: Key tax cuts—including individual/corporate rates, QBI deduction, estate/gift exemptions and Opportunity Zones—are now permanent, reducing uncertainty for long-term planning.
- Business Incentives Expanded: 100% bonus depreciation is back, Section 179 limits increased, R&D expensing restored and 1099 reporting thresholds eased—offering major planning opportunities for businesses.
- Clean Energy Credits Rolled Back: Clean vehicle and solar incentives face sunset dates (as early as September 2025); foreign-affiliated projects face tighter restrictions—businesses should act fast to lock in credits.
- New Individual Tax Breaks Introduced: Tip/overtime income deductions, car loan interest relief, higher SALT cap (temporarily) and new charitable giving deductions for non-itemizers—designed to benefit low/mid-income taxpayers.
- International Tax Clarity & Reform: GILTI/FDII regimes restructured with new deduction rates, FTC haircut increased and Look-Through rules made permanent—giving multinational taxpayers more predictability.
Featured Speakers:
Christopher Migliaccio, JD, Partner
Elisha M. Brestovansky, CPA, MBA, Director
Thomas Kinder, JD, Director