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RSVP BY FRIDAY NOVEMBER 21st !!!

DATE:                 Join us on Thursday December 4th, 2025, for a Lunch & Learn

TIME:                  From 12:00 Noon to 3:00 PM EST

WHERE:              IN PERSON – ACT NOW! SPACE IS LIMITED!

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Robert Half International – 125 Park Avenue – 3rd Floor, NY, NY 10017

RHI’s entrance is centrally located on 42nd Street directly across from Grand Central!

OR

VIRTUAL – zoom invite sent prior to event to those who pay/RSVP

SPEAKER:            Jeffrey Hoberman,  Senior Manager, Tax Services RSM US LLP

                             Lorraine Bodden, RSM US LLP   

TOPIC:                Employment Tax Aspects of OBBBA ~ One Big Beautiful Bill Act

AGENDA -

12:00 – 1:00 pm     In Person Lunch – Virtual Lobby meet & greet 

1:00 – 2:30 pm       Speaker Presentation

2:30 – 3:00 pm       Q & A

Step 1, RSVP via survey monkey:

RSVP:                         By Friday November 21st ! https://www.surveymonkey.com/r/KLZL5QN

 Step 2, make payment:

MEMBER COST:            In Person $55,  Virtual $25 >>> MAKE PAYMENT HERE <<<

NON-MEMBER COST:    In Person $70,Virtual $35 >>> MAKE PAYMENT HERE <<<

Summary of Presentation

OBBBA, or the One Big Beautiful Bill Act, is a hypothetical piece of legislation that introduces significant tax changes, such as making the Child Tax Credit permanent and increasing the standard deduction, while also creating new savings vehicles like Trump Accounts. Key impacts include a higher State and Local Tax (SALT) deduction cap for some taxpayers, increased funding for Immigration and Customs Enforcement (ICE), and new workforce development programs. The act is presented as a way to avoid the tax system reverting to its 2017 rules and introduces numerous other provisions affecting individuals, businesses, and healthcare.  

Key Provisions and Impacts

• Tax Changes for Individuals:

1. Permanent Tax Brackets and Standard Deduction: OBBBA makes the tax brackets permanent and increases the standard deduction for 2025. 

1. Child Tax Credit: The Child Tax Credit is made permanent and increased to $2,200 per child, though the refundable portion isn't changed. 

1. Trump Accounts: The act introduces a new savings account for eligible families, offering a $1,000 baby bonus for children born in the next four years. 

1. SALT Cap: The SALT deduction cap is raised to $40,000 for certain taxpayers from 2025-2029. 

1. Senior Deduction: A deduction for seniors over 65 is introduced for taxable years 2025-2028. 

1. Employer-Paid Moving Expenses: The tax-free benefit for employer-paid moving expenses is permanently eliminated for most taxpayers. 

1. Auto Loan Interest Deduction: A deduction is allowed for interest paid on loans for U.S.-assembled vehicles. 

• Business and Workforce Changes:

1. Employer-Provided Student Loans: The exclusion for up to $5,250 in employer-provided student loan repayment assistance is made permanent. 

1. Workforce Pell Grant Program: This new program expands the Department of Labor's role in overseeing short-term career training initiatives. 

• Other Changes:

1. ICE Funding: The act significantly increases funding for Immigration and Customs Enforcement. 

1. Medicare: A temporary 2.5% increase to the Medicare physician fee schedule is included for 2026. 

1. Clean Energy: Some EV and clean energy tax credits are set to expire under the act.