Uncovering Overlooked Tax Breaks: Planning Considerations
1 hour 40 minutes
Learn year-end tax strategies that will increase income tax savings and benefits.
U.S. taxpayers are still adjusting to changes in tax planning strategies due to recent U.S. tax reform under the Tax Cuts and Jobs Act of 2017, the CARES Act of 2020, and American Rescue Plan of 2021. Each of these impacts all taxpayers for the first time in more than thirty years since the 1986 Tax Act. This topic will share tax planning strategies that have not changed but are easily overlooked for individuals and businesses, including changes in tax benefits that apply now more than ever.
We now live and work in a remote workplace and employees must face issues outside of the office. The range of topics include managing deductions and credits for both the employed and self-employed.
• You will be able to identify new tax opportunities which impact current U.S. tax return compliance.
• You will be able to recognize U.S. considerations for obtaining personal and business tax benefits and deductions.
• You will be able to discuss current U.S. tax credits and options to help reduce your tax liability.
• You will be able to review year-end tax strategies that will increase income tax savings and benefits.