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With tax season well underway, Kendall Neukomm sits down with Whitley Penn Tax Partners Jon P. Karp and Kristen L. Sayegh to break down the most impactful changes shaping 2026 filings. They discuss key developments shaping 2026 tax filings, including updates related to deductions, tip and overtime income, State and Local Tax (SALT) limits, and retirement planning, drawing on observations from current tax returns this season.

The discussion also covers notable business-related updates, such as bonus depreciation and interest deduction changes, and how these provisions may factor into tax planning considerations. It’s a focused, practical conversation designed to help listeners better understand the tax topics most relevant this year and consider planning considerations moving forward.

Key Takeaways

• How changes to standard deductions, tip and overtime taxation, senior deductions, and SALT limits are appearing in 2026 tax returns
• Why income phase‑outs are limiting the benefit of certain widely discussed deductions
• How grouping and timing strategies may influence the use of itemized deductions versus the standard deduction
• The role updated retirement plan limits play in long‑term planning considerations, including Roth strategies and qualified charitable distributions
• Why business-side changes, such as bonus depreciation, R&D expensing, and 163(j) adjustments, may factor into tax planning discussions this year

Why Listen?

This episode is ideal for individuals and businesses seeking a clear, concise overview of the most relevant 2026 tax changes. Jon and Kristen translate complex legislation into straightforward insights based on their current work with clients. Listeners will gain perspective on which deductions may be most relevant this year, where potential surprises can arise, and how proactive planning may factor into year‑round tax considerations.

Register for our 2026 Employee Benefit Plan Webinar here.

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