This course provides a quick review of the entire Tax Cuts and Jobs Act Bill (H.R.1.). This course will also provide a summary description of all provisions referenced in this section of the Tax Cuts and Jobs Act and will identify the provisions that were changed in the individual tax reform section.

Learning Objectives
  • Identify and review the individual tax reform provisions and identify which sections changed, and which provisions were not changed, with the implementation of the Tax Cuts and Jobs Act.
  • Recognize the tax rate changes for the four types of individual taxpayers.
  • Recognize the new standard deduction amounts for the four types of individual taxpayers.
  • Identify the effective date for all individual tax provisions in the Tax Cuts and Jobs Act.
Last updated/reviewed: August 16, 2023
27 Reviews (126 ratings)

Reviews

3
Member's Profile
Hollywood review = the book was better than the movie. That is unless you prefer to have someone read tax tables to you as well as excerpts of IRS code. It also includes a lot of coverage of provisions that it details as not part of the act so I am not sure why we are devoting the time to things that didn't happen.

4
Anonymous Author
A lot of information and well organized. However, the presenter read a lot of material that was not included in the course / slides. This information would have been helpful to include in the slides for reference. Hard to remember details told to you verbally in a 2 hour course.

4
Anonymous Author
Good course. I gleaned some learning. I wish he didn’t read all of the numbers from the tables. That had no value except to make the training longer and maybe earn more CPE. I would rather he say, “look at the table. Did you notice X?”

4
Member's Profile
This is a good overall reminder on many topics that are relevant to 2022 rules. I definitely knew much of it, but appreciated the reminder on some of the less common items. Also knowing what is applicable when. Good refresher.

3
Member's Profile
Overall the course was informative. I would have liked to see more real life examples throughout the course. At times, it felt like he was just reading the provisions rather than teaching us to understand the provisions.

4
Member's Profile
Again there was confusing wording on the final exam. In the question about the tax bracket for married taxpayers filing separately, it is unclear if each taxpayer has $150k of income or if $150k is their joint income.

5
Member's Profile
There was much to absorb here - I will go through this course again to maximize my benefits from it. It was presented in a matter-of-fact manner - very organized with much material covered.

4
Anonymous Author
Good quick summary - as others have said, don't love spending time on changes that almost took place (though it does provide some context into rationale for why changes did occur).

5
Member's Profile
This was a very great synopsis of the tax cuts and jobs act. It's better to listen then to read. He speaks clearly and I found that easier to follow then trying to read along?

4
Member's Profile
Too much reading the various tax brackets. The other areas covered seemed sufficient and easy to follow. Presentation organized and informative????????

2
Anonymous Author
Presentation was incredibly dry and unentertaining, even with the understanding that it was related to tax matters.

3
Member's Profile
The PDF and the screen shots do not match the video. It makes it hard to follow along and/or take notes.

3
Member's Profile
Presenter is easy to listen to but, the course needs real world examples - not just reading tax brackets.

4
Member's Profile
This course on 2023 Tax cuts and Job Acts was very informative. Found it to be a great refresher.

5
Member's Profile
Nice course. Presentation was well done. Supporting material was relevant, clear and concise.

5
Anonymous Author
Great material - straightforward. The slides will be very useful as reference. Thank you.

5
Anonymous Author
good overview - this helped me review the wide variety of items included in this tax update

5
Member's Profile
Great detailed information presented in a way that is easy to follow and understand

4
Anonymous Author
Interesting but parts were different in voice inflection implying modified content

4
Anonymous Author
A lot of phrase repetition throughout lecture. But overall, a simple overview.

5
Member's Profile
Tax Cuts and Jobs Act: Individual tax reform 2020 provide a helpful overview

3
Member's Profile
Need the notes to the lecture. had to do a lot of research to get the 87%

4
Anonymous Author
The course is very broad and extensively covers the new Tax Act.

5
Anonymous Author
Great info. I will have to save these slides for later reference

5
Anonymous Author
good course on the Tax Cuts and Jobs Act for individuals.....

5
Member's Profile
Good overview of the changes and updates made to the tax law.

5
Member's Profile
very helpful to understand material, timely and relevant

Prerequisites
Course Complexity: Intermediate

No advanced preparation or prerequisites are required for this course.

Education Provider Information
Company: Illumeo, Inc., 75 East Santa Clara St., Suite 1215, San Jose, CA 95113
Contact: For more information regarding this course, including complaint and cancellation policies, please contact our offices at (408) 400- 3993 or send an e-mail to .
Instructor for this course
Course Syllabus
INTRODUCTION AND OVERVIEW
  Introduction to Tax Cuts and Jobs Act: Individual Tax Reform 20234:44
  Reduction and Simplification of Individual Income Tax Rates25:46
  Treatment of Business Income for Individuals, Trusts, and Estates7:04
  Simplification and Reform of Family and Individual Tax Credits31:30
  Simplification and Reform of Deductions and Exclusions23:38
  Simplification and Reform of Savings, Pensions, and Retirement10:54
  Alternative Minimum Tax3:28
  Elimination of Shared Responsibility Payment for Individuals Failing to Maintain Minimal Essential Coverage1:16
  Other Provisions and Conclusion8:32
CONTINUOUS PLAY
  Tax Cuts and Jobs Act: Individual Tax Reform 20231:56:52
SUPPORTING MATERIALS
  Slides: 2023 Tax Cuts and Jobs Act - Individual Tax ReformPDF
  2023 Tax Cuts and Jobs Act - Individual Tax Reform Glossary/IndexPDF
REVIEW AND TEST
  REVIEW QUESTIONSquiz
 FINAL EXAMexam