As the 2026 tax season begins, many taxpayers are encountering changes that could affect their return this year. Updated deductions, inflation adjustments, and revised guidance mean that filing “the same way as last year” may no longer be the best approach.
At our firm, we help individuals, families, and small businesses navigate tax changes with clarity and confidence. Here’s what matters most this tax season — and how to prepare.
Key 2026 Tax Changes to Be Aware Of
Expanded deductions for certain taxpayers
Some taxpayers — including older adults and individuals who earn tip income — may qualify for new or expanded deductions this year. These updates can lower taxable income and reduce overall tax liability when applied correctly.
Inflation-adjusted tax brackets and deductions
Tax brackets and standard deduction amounts have been adjusted for inflation. While these changes are routine, they often explain why refunds or balances due differ from prior years, even when income appears similar.
Refund expectations may change
A smaller refund does not necessarily mean you paid more in taxes. In many cases, it reflects more accurate withholding throughout the year. Reviewing the full return before drawing conclusions is essential.
Why Reviewing Your Taxes Before Filing Matters
Each year, we see taxpayers miss deductions or credits simply because recent changes weren’t reviewed in advance. Filing without guidance can lead to:
- Overpaying taxes
- Missed deductions
- Amended returns later in the year
Taking time to review your situation early allows for better decisions and fewer surprises.
What We Recommend Before You File
Before submitting your return, consider the following steps:
- Gather income documents early, including tip income and retirement distributions
- Review last year’s return for changes in income, dependents, or filing status
- Confirm withholding accuracy if you changed jobs or income levels
- Ask questions if anything looks different from prior years
Even a brief review can help prevent costly mistakes.
Think Beyond This Filing Season
Tax preparation should not be a once-a-year event. Based on 2026 changes, many taxpayers may benefit from:
- Adjusting withholding for the year ahead
- Planning retirement income more tax-efficiently
- Taking a proactive, year-round tax planning approach
Our goal is not just accurate filing — it’s helping clients make informed financial decisions over time.
We’re Here to Help
Every tax situation is different. If you’re unsure how the 2026 tax changes apply to you, we encourage you to schedule a review before filing. A short conversation now can make a meaningful difference later.
Contact us today to schedule your tax preparation or consultation.
