BBB Crossover Special: Tax and planning strategies under the new law

In this joint episode with the Personal Financial Planning (PFP) Section podcast, host Cary Sinnett, Senior Manager, Personal Financial Planning — AICPA & CIMA, further discusses the latest tax legislation with guests Mark Gallegos, CPA, MST, Partner — Porte Brown and Robert Keebler, CPA/PFS, MST, AEP (Distinguished), CGMA. Hear insights on the recently passed tax legislation, implications for clients and important considerations for tax professionals now that the bill has been passed signed into law on July 4, 2025. 

What you’ll learn from this episode:

• Discussion of what the permanent TCJA tax brackets and QBI deduction mean for tax planning 
• Details on the new income exclusions for tips and overtime
• Topics important to discuss with clients, including Roth conversions, entity structure decisions, as well as estate and gifting strategies

AICPA resources

2025 Reconciliation Charts: Key Tax Provisions and PFP Considerations — Tax and PFP downloadable charts provide clear, side-by-side comparisons of current tax law, the original H.R. 1 provisions and the Senate’s reconciliation version — highlighting where they align or diverge — and outline the final legislation

Planning after tax changes — CPAs need to not only brace for tax law changes but also be proactive in planning for them. Find more resources here to learn more about the latest updates.