It’s not here yet, but you should know about some of the changes you’ll see in income tax laws for 2026 – and for 2025.
You haven’t even begun working on your 1040 for 2025 yet. Why would you start thinking about the 2026 tax year?
The answer is simple: You’ll see more changes in the 2026 tax code than you’ve seen for many years. Dubbed the One Big Beautiful Bill, these new tax provisions may well have impact on the income taxes you’ll file in 2027. Forewarned is forearmed. If you know now that a particular change will affect you next year, you can plan accordingly.