2025 Tax Bill Preview: Key Changes in the Draft Law 0.2 Credit
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Congress has released a 389-page tax proposal that could reshape the landscape for 2025 and beyond. Dubbed the “One Big Beautiful Bill,” this first draft outlines sweeping reforms many of which are likely to survive negotiation. From QBI rate hikes and permanent TCJA extensions to new deduction caps and child tax credit changes, this Nano offers a fast, practical overview of what’s on the table.
This course will preview the expansion of standard and itemized deductions, learn how SSTBs may gain QBI eligibility, and understand the political battle over the $30K SALT cap. Additional topics include mega-savings accounts for kids, HSA flexibility, bonus depreciation extensions, and IRS enforcement powers—like AI-driven audit selection and extended ERC review periods.
Major Topics:
At this time, Nano-learning is not accepted by all state boards. If you are not sure whether your state board accepts Nano-learning, you can ask your state board or visit the NASBA registry.
Credits
0.2
Course Level
Basic
Instructional Method
Nano Learning
Group Internet Based
Pre-requisites
None
Advance Preparation
None
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Nicholas has worked with the Internal Revenue Service as a Revenue Agent and an Attorney with the IRS Office of Professional Responsibility. Nicholas has authored publications for the AICPA’s Journal of Accountancy, AICPA’s Tax Advisor, NATP’s Tax Pro Journal, and CCH’s Journal of Tax Practice and Procedure. He also co-authored a textbook, Tax Preparer Penalties and Circular 230 Enforcement, published by Thomson Reuters. Nicholas has been recognized as the Top 5 Under 35 CPAs in Virginia, and is a member of the AICPA’s Tax Executive Committee. Nicholas is an adjunct professor at the University of Mary Washington. He is a graduate of Carthage College, University of Connecticut (M.S. in Accounting), Case Western Reserve University School of Law (J.D.), and Georgetown University (LLM in Taxation).
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RN
Very fast paced. Covered a lot of information.
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