04/25/2026
April 15 is officially behind us — and this filing season was a good reminder that tax planning does not end when the return is filed.
With the One Big Beautiful Bill Act now affecting federal taxes, credits, deductions, and business planning, there are meaningful changes taxpayers should be paying attention to before year-end. The IRS notes that OBBBA impacts individuals, families, businesses, healthcare, clean energy, charitable giving, and more.
For individuals and business owners, this is a good time to revisit:
• Withholding and estimated tax payments
• Entity structure and pass-through planning
• Depreciation and business deduction strategies
• Estate and gift planning
• Charitable giving plans
• Tax credits that may be changing or expiring
The most expensive tax surprises usually come from waiting until filing season to ask planning questions.
So yes — take a breath then remember to start planning well in advance of tax season.
Look ahead and be proactive - do not look behind and be reactive.
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