Self-Study: Outsmarting the One Big Beautiful Bill

Overview

Paul Mladjenovic breaks down the key provisions of the One Big Beautiful Bill, spotlighting permanent tax changes, new deductions, and expanded credits. This session equips professionals to quickly recognize planning opportunities and navigate OB3 — s implications for individuals and small businesses with greater confidence.

Highlights

Prerequisites

Work experience in tax planning or tax compliance, or an introductory course in taxation.

Objectives

• Identify key individual tax provisions made permanent under OB3, including tax brackets, standard deductions, and mortgage interest limits.
• Recall newly created OB3 deductions and credits affecting individuals and families, such as senior deductions, child tax credits, and car loan interest.
• Recognize changes to itemized deductions and thresholds, including SALT deduction caps and alternative minimum tax adjustments.
• Identify major OB3 benefits applicable to small businesses, including pass-through income deductions and enhanced depreciation rules.

Preparation

None.