Latest Tax Proposals: Real-time Tax and Financial Planning Conversations

In this joint episode with the Personal Financial Planning (PFP) podcast, host April Walker, CPA, CGMA, Senior Manager — AICPA & CIMA, 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 current tax legislation, implications for clients and important considerations for tax professionals.

 

What you’ll learn from this episode: 

• The next steps for this pending legislation
• Key points about state and local tax (SALT) cap, pass-through entity tax (PTET) and Sec. 199A, Qualified Business Income (QBI) provisions
• Legislative take on Sec. 174 R&E expenditures
• Other important conversations that may be necessary in the coming months 

 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 proposed changes in H.R. 1 and how the Senate Finance Committee’s proposal aligns or diverges with H.R. 1.

 

Planning for tax changes and tax reform — CPAs need to not only brace for tax law change