The materials include a review of individual income taxation including * The Child Tax Credit, Dependent Care Credit, Premium Tax Credit, and Earned Income Credit * Tax-free forgiveness of student loans * Charitable contribution deductions * The kiddie tax * Taxation of damage awards * Tax benefits for education, including the American Opportunity Tax Credit * Capital gains and losses * §1031 exchanges * Qualified opportunity funds * Gain exclusion upon sale of principal residence * Qualified plans and individual retirement accounts (including changes made by SECURE Act 2.0) * Interest deductions, including the Home Mortgage Interest Deduction * Medical expenses * Deduction for state and local taxes * Home office deductions * Hobby losses * The passive activity limitations. * Significant 2023 developments including * Any new 2023 legislation *New 2023 electric vehicle credits and credits for energy efficient improvements to residences and rental property * Regulations, court cases, rulings, and other non-legislative developments, such as the new regulations modifying the Required Minimum Distribution (RMD) rules for 2023 * Much more. * Planning ideas, including planning with new tax legislation.

Event Level: Update
Required Knowledge: Detailed knowledge of individual income taxation and individual income tax return preparation
Advanced Preparation: At least one “tax season”
Who Should Attend: Individuals who prepare individual income tax returns or who engage in individual income tax planning
Vendor: Don Farmer
Speaker: William Harden