Money Guy Show Tax Updates You Can’t Afford to Miss
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Nov 19, 2025 Discover the latest IRS tax updates for 2026 that could reshape your financial strategies! Topics include new contribution limits for retirement accounts, changes to tax brackets, and updates on child tax credits. The hosts discuss the impact of health savings accounts and education account limits, plus temporary policy shifts to watch. Live Q&A segments provide real-life financial advice, from celebrating a net worth milestone to navigating debt after marriage. Tune in for key insights to enhance your tax planning!
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Maximize Health Savings Accounts
- Use HSAs as a triple-tax-advantaged vehicle by contributing, investing, and saving receipts for future reimbursements.
- Maximize catch-up contributions if eligible (age 55+), and consider separate HSAs for spouses to add $1,000 each.
Brackets And Deductions Shift Up
- 2026 tax brackets and standard deductions rose, shifting marginal thresholds and likely keeping many taxpayers as standard deductors.
- Re-check your bracket and deduction status since indexed ranges changed for married and single filers.
Recalculate Itemizing With New SALT Cap
- Evaluate itemizing vs standard deduction because SALT cap expands from $10k to $40k and other Schedule A rules change.
- If you live in a high-tax state, re-run tax projections to determine whether to itemize and harvest deductible expenses.
