Table of Contents
Description
/ Introduction to the Course
Chapter
1 - TCJA Provisions Affecting Tax Preparation
New
Individual and Capital Gains Tax Rates
Standard
Deduction Increased and Filing Requirements Changed
Standard
Deduction for Dependents
Standard
Deduction for Blind and Senior Taxpayers
Standard
Deduction Eligibility
Federal
Income Tax Return Filing Requirements
Personal
Exemption Temporarily Reduced to Zero
Moving
Expense Deduction & Reimbursement
Moving
Expenses in Military Relocations
Itemized
Deductions Schedule A
State
and Local Tax Deductions
Home
Mortgage Interest Deduction
Exception
for Binding Contracts
60%
AGI Limit for Cash Contributions
Deduction
for Athletic Tickets
Exception
to Contemporaneous Written Acknowledgement
Content
and Timing of Contemporaneous Written Acknowledgement
Casualty
and Theft Loss Deduction
Miscellaneous
Itemized Deductions Subject to 2% of AGI Threshold
Itemized
Deductions Phase-Out Amounts
Increase
in Tax Credit Amount to $2,000.
Child
Tax Credit Phaseout and Refundable/Nonrefundable Amounts
Social
Security Number Requirement
Partial
Child Tax Credit for Other Than Qualifying Child with SSN
Alternative
Minimum Tax Exemption Amount Increased
Chapter
2 - TCJA Provisions Affecting Individuals
Section
529 (Qualified Savings Plan) Changes
Additional
Designated Beneficiary Contributions Permitted
Discharge
of Student Loan Indebtedness
Affordable
Care Act (ACA) Provisions
Individual
Requirement to Maintain Health Coverage
Penalty
for Failure to Maintain Health Coverage
Exemptions
from Penalty for Failure to Maintain Health Coverage
Individual
Mandate Penalty 2019 and Later
Changes
in Employee Fringe Benefits
Chapter
3 Business-Related TCJA Provisions Affecting Individual Taxes
Nature
of the 20% Deduction for Qualified Business Income
Pass-Through
Deduction for Qualified Trade or Business
Exception
for Specified Service Trade or Business Based on Taxpayers Income
Exceptions
to Qualified Business Income
Combined
Qualified Business Income
Qualified
Publicly Traded Partnership Income
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