My Tax Lady, LLC

06/20/2026

📊 The seven federal income tax rates for 2026 are unchanged from 2025: 10%, 12%, 22%, 24%, 32%, 35%, and 37%.

The income thresholds all moved higher, meaning more of your income is taxed at each lower rate before the next bracket kicks in.

The One Big Beautiful Bill Act gave the bottom two brackets (10% and 12%) a 4% inflation adjustment for 2026, nearly double the 2.3% adjustment applied to the higher brackets.

For single filers, the 12% bracket ceiling rose from $48,475 to $50,400. For married filing jointly, it went from $96,950 to $100,800.

The standard deduction also increased: $16,100 for single filers (up from $15,750), $32,200 for married filing jointly (up from $31,500), and $24,150 for head of household (up from $23,625).

Married filing separately brackets match single filer thresholds through the 32% bracket, then diverge at 35% and 37% (half of the married filing jointly thresholds).

These brackets apply to taxable income, not gross income. Your actual tax starts after subtracting either the standard deduction or itemized deductions.

Taxpayers 65 and older can also claim an additional standard deduction of $2,050 (single) or $1,650 per spouse (joint), plus a separate $6,000 senior deduction under the OBBBA that phases out above $75,000 (single) or $150,000 (joint).

06/19/2026

AI tools are helping entrepreneurs launch and grow businesses faster with lower costs and fewer employees. Learn how small business owners are using AI to stay lean, competitive, and profitable.

AI helps entrepreneurs start and grow businesses with lower costs, fewer employees, and greater efficiency while staying competitive and profitable.

06/19/2026

You're at the final part of your bookkeeping ✨glow up✨, this is really where everything comes together!

When your foundations + systems are rock-solid, you end up with financial reports you can use to move the needle in your [your niche] business. 📈

When you can click in and see exactly how much you're earning, how much you're spending, and how much cash you have left, you're empowered to make decisions as a CEO.

And if you dutifully clicked through this whole series, but truly just don't have the capacity to glow up your books, I'm here for you! 🫶

You don't have to do it all alone, especially when it comes to your bookkeeping. 📚

06/18/2026

With the federal launch of Trump Accounts scheduled for July 4, 2026, parents and family members who want to jump-start a child’s retirement savings face a rapidly approaching deadline to get accounts activated. But there are still unanswered questions.

Trump Accounts launch July 4, 2026. Learn about activation, the $1,000 seed contribution, Form 4547, eligibility, and contribution rules.

06/18/2026

This part of my Glow Up series is all about your systems, and this quote was all too appropriate: ↓

"You do not rise to the level of your goals, you fall to the level of your systems."

Basically, without good systems in place……😬

👉 Swipe to learn three bookkeeping processes you *must* have to keep your business operating smoothly!

06/17/2026

Revenue is up—but cash is tight? Discover why your P&L can mislead you and how expense ratios reveal where your money is really going.

06/17/2026

I'm kicking off my ✨ Glow Up Your Bookkeeping ✨ series, and it starts where every true glow up starts: the basics.

I'm covering the key components of a good bookkeeping system...

Without these, your books are going to be a MESS! 🥴

So tune in, follow these action items, and get ready to turn your messy books into financial clarity. 📚

06/16/2026

Converting a rental into your primary home can be a smart move — both for your living situation and for taxes — but it’s not as simple as move in, sell, and keep the profit.

Converting a rental to your home can reduce taxes, but depreciation recapture and gain exclusion rules may limit the benefits. Learn more.

06/16/2026

The middle of the year is the perfect time to pause, review, and reset your business finances before year end approaches.

A few important things to review.

If your books are behind or your finances feel overwhelming, we are here to help.

Send us a message or comment below and we will help you get back on track.

06/15/2026

Surrendering, selling, or transferring a life insurance policy can lead to different tax implications. Watch this video for a brief overview.