2026 Tax Changes
Standard deduction 2026:
- Single: $16,100
- Married filing jointly: $32,200
- Many 2017 provisions made permanent
- Some credits modified
- Consult tax professional for specifics
Tax Reduction Strategies
- Max retirement contributions - 401k, IRA
- HSA contributions - Triple tax advantage
- Charitable giving - Bunch donations if itemizing
- Tax-loss harvesting - Offset gains with losses
- Energy credits - Solar, heat pump, EV (check current limits)
- Home office deduction - If self-employed