07/12/2026
📋 The senior deduction adds up to $6,000 per person 65 or older on top of the regular standard deduction, but it phases out above $75,000 single and $150,000 joint.
Long-term capital gains stay at 0% up to $98,900 of taxable income for joint filers, which is income after deductions, not your gross pay.
Starting in 2026, anyone 50 or older who earned more than $150,000 in 2025 wages has to make 401(k) catch-up contributions as Roth, not pre-tax.
The SALT deduction cap jumps to $40,400, but it phases back down to $10,000 once income passes $505,000.
529 plans can now pay up to $20,000 a year for K-12 costs, including tutoring, double the old $10,000 cap.
The ACA subsidy cliff is back for 2026: cross 400% of the federal poverty line by one dollar and the premium credit disappears completely.
In 2027, the Saver's Credit becomes the Saver's Match, a direct deposit worth up to $1,000 into your retirement account, though the match itself cannot land in a Roth IRA.
Which of these changes affects your return the most this year?
*The content shared here is for educational and informational purposes only. It is not personalized investment, tax, legal, or financial advice. Consult a licensed professional before making decisions based on your specific situation.*
