Learn how to prepare for Tax Reform!

Name: Learn how to prepare for Tax Reform!
Rating: 4.7 (187 reviews)

This course should educate you about the changes in tax law due to the Tax Cuts and Jobs Act (TCJA).

Created byLiberty Tax Service

Last updated 9/2018

English

What you'll learn

Learn new personal tax rates and brackets
Learn retirement plan changes
Learn state and local tax changes
Learn tax credits
Learn section 199A Qualified Business Income updates
Learn business deductions, including self-employed
Learn home mortgages
Learn families and Child credits
Learn health care and medical expenses
Learn lower corporate tax rates
Learn adjustments to income
Learn sStandard vs. itemized deductions
Learn qualified business income
Learn how the tax system works

Course content

1 section • 6 lectures • 31m total length

Introduction3:12
This course will show you how the tax system works and what changes Tax Reform has made for 2018 and beyond.
Overview Of The Tax System6:36
The tax system is based on income you receive and credits, adjustments, and deductions you can take.
The Biggest Tax Changes6:55
The most significant changes include tax brackets, corporate tax rates, and the standard deduction.
Standard vs. Itemized Deductions7:21
A higher standard deduction is designed to offset lower itemized deductions.
Small Business Impacts5:49
A lower corporate tax rate and qualified business income are just some of the changes that impact small businesses.
Conclusion1:22

Requirements

No prerequisites, just be willing to learn about tax laws and concepts

Description

About this course

There are lots of rumors and misconceptions flying around about Tax Reform, which is why Liberty Tax® developed this video presentation to give you the straightforward facts about how the tax law has been changed by the Tax Cuts and Jobs Act (TCJA). Taxes may seem intimidating to most people, so we designed this course to be direct, informative, and easy-to-follow.

Find out about changes to the tax rates and brackets, whether the standard or itemized deduction is better for you, and if the revised home mortgage rules apply to your home, among many other important tax topics. Odds are, you, your family, and your business will be affected by Tax Reform, so be sure to understand the changes before they catch you by surprise at tax time.

This Tax Reform course is narrated by Brian Ashcraft, one of the tax experts at Liberty Tax® who specializes in helping our customers understand the implications of tax laws on their unique financial situations. In this comprehensive course, Ashcraft walks viewers through the facts from beginning to end, explaining succinctly and clearly the important points of Tax Reform.

The goal of this course is to help taxpayers understand if and how Tax Reform affects them and what they need to do to plan for it.

There are no prerequisites for this course.

Who this course is for:

All American taxpayers who want to learn about how Tax Reform may impact them.