Forty-three states will ring in 2026 with notable tax changes. Eight states will see reduced individual income tax rates in the new year, and one of them (Ohio) will transition to a single-rate income tax. Four states will see reduced corporate income tax rates. Generally, state tax changes take effect either at the start of the calendar year (January 1) or at the start of the fiscal year (July 1 for most states), with rate changes for major taxes typically implemented effective January 1... [more]

In a shift that could spur broader adoption of Roth retirement accounts by both employers and workers, higher-income employees who make catch-up contributions to a workplace plan in 2026 will see a big difference in how those extra dollars are taxed. Under new SECURE 2.0 Act rules taking effect on January 1, employees age 50 and older who earned more than $150,000 in 2025 are now required to use a Roth 401(k), 403(b) or 457(b) account for catch-up deposits instead of a traditional savings plan funded with pretax dollars. [more]

President Trump’s One Big Beautiful Bill Act ushered in many tax changes, including a new saving and investing vehicle for families known as Trump accounts. As trumpeted in a White House press release in August, Trump accounts are intended to “give the next generation a jumpstart on saving.” In layman’s terms, they function as a type of tax-deferred savings account for those under 18, and they come with a starter package for any U.S. citizen born between Jan. 1, 2025, and Dec. 31, 2028: a $1,000 deposit from the government.  [more]

The 2025 tax landscape is evolving quickly, and I’m here to help you stay ahead of the curve. One of the biggest headlines is the dramatic increase in the state and local tax (SALT) deduction. After years of frustration over the $10,000 cap, itemizers in high-tax states like Connecticut, California, Massachusetts, Maryland, and New York can now deduct up to $40,000. This change could significantly impact households with high property taxes—but there’s a catch. The expanded deduction phases out between $500,000 and $600,000 of modified adjusted gross income (AGI), reverting back to the $10,000 cap at the top of that range. [more]