Chapter 20: Recent Legislative Developments & Sunset Provisions

In this section

• Temporary Rate Changes, Inflation Adjustments & Phaseouts
  Explore the intricacies of temporary tax rate changes, annual inflation adjustments, and phaseout thresholds, along with scheduled ‘sunset’ provisions critical for CPA exam success.
• Major Acts (e.g., CARES Act, TCJA) & Rolling Modifications
  Explore how the Tax Cuts and Jobs Act (TCJA) and the CARES Act shape modern U.S. tax compliance, highlighting key provisions, transitional rules, and ongoing legislative amendments relevant to CPA exam readiness.