Date: October 24th , 2025

Time: 1pmET | 12pm CT | 11am MT | 10am PT

Duration: 240 Minutes

Description:

Interest deductions remain a critical area of tax planning for both individuals and businesses. With the enactment of the One Big Beautiful Bill Act of 2025 (OBBB), several changes are set to take effect in 2025 and 2026 that will reshape how personal and business interest expenses are treated under federal tax law.

This comprehensive CE course will guide tax professionals through the updated landscape of interest expense deductions, covering both personal and business contexts. For individuals, we will explore deductibility rules related to home mortgages, student loans, and multi-purpose loans. For businesses, we’ll examine the limitations introduced by the Tax Cuts and Jobs Act (TCJA) and how OBBB modifies these provisions—especially in relation to partnerships, S corporations, and small businesses.

Participants will gain practical tools for identifying deductible interest, understanding limitation thresholds, and maintaining compliance through effective documentation and reporting. We will also review exemptions available to small businesses and recent reforms affecting flow-through entities.

Major Topics

• Personal interest deduction limitations under OBBB.
• Interest deductions for primary and secondary residences.
• Student loan interest deduction and forgiveness rules.
• Reporting loans used for mixed personal and investment purposes.
• Business interest expense limitations and calculation methods.
• Small business exemptions and qualified business income overview.
• OBBB reforms for partnerships, flow-through entities, and S corporations.

Learning Objective

• Identify personal interest expenses eligible for deduction under current law.
• Apply updated deduction rules to residential and student loan interest.
• Track and allocate interest from loans with multiple uses.
• Understand and calculate business interest deduction limits under OBBB.
• Evaluate small business exemptions and their applicability.
• Analyze the impact of OBBB reforms on flow-through business structures for 2025–26.

Credits and Other information:

• Recommended CPE credit – 4.0
• Recommended field of study – Taxes
• Session Prerequisites and preparation: None
• Session learning level: Update
• Location: Virtual/Online
• Delivery method: Group Internet Based
• Attendance Requirement:  Yes
• Session Duration: 240 Minutes

Who Will Benefit:

• CPA
• Enrolled Agents (EAs)
• Tax Professionals
• Attorneys
• Other Tax Preparers
• Finance professionals
• Financial planners

About Our Speaker

Dr. Tony Curatola holds the prestigious Joseph F. Ford Professorship in Accounting at Drexel University, Philadelphia. Recognized as one of the Top Educators of 2024, he has made significant contributions to tax education and research throughout his career.

From 1992 to 2024, Dr. Curatola served as the Tax Column Editor for Strategic Finance. He has also been the editor of the Journal of Legal Tax Research and currently serves on editorial review boards for multiple academic journals. His leadership roles include active global service with the Institute of Management Accountants.

With over 250 published articles, Dr. Curatola’s work appears in respected journals such as the Journal of Financial Services Professionals, Journal of the American Taxation Association, Journal of Forensic & Investigative Accounting, Strategic Finance, and Tax Notes