Changes For the Upcoming Tax Season, with Guest Jeff Corrigan | Road to Retirement Podcast скачать в хорошем качестве

Changes For the Upcoming Tax Season, with Guest Jeff Corrigan | Road to Retirement Podcast

Tax season is coming faster than you think — and this year brings major changes. In this episode of the Road To Retirement Podcast, Tony Marlette Jr. sits down with Brookside Tax & Insurance Advisor Jeff Corrigan and Estate Planning Attorney Zach Padden to break down what individuals and retirees need to know heading into the upcoming tax year. They discuss the most important documents to bring to your tax appointment, why reviewing prior-year returns matters, and common mistakes people make every year. The conversation dives deep into recent tax law changes, including the enhanced standard deduction for those 65+, misconceptions around Social Security taxation, overtime and tip income rules, charitable deductions, RMD updates, inherited IRA rules, energy credits expiring, EV tax credits, gifting rules, and year-end tax planning strategies. If you’re retired, nearing retirement, or simply want to avoid costly tax surprises, this episode is packed with practical guidance and real-world examples to help you plan smarter. Timestamps: 00:01 - Podcast introduction and guest overview 00:27 - Tax season timing and mindset 01:43 - Preparing for your tax appointment 02:20 - Using prior-year returns to avoid mistakes 03:02 - Why some tax documents arrive late 03:56 - Overview of upcoming tax law changes 04:17 - Enhanced standard deduction for those 65+ 05:16 - Income thresholds and deduction limitations 06:01 - Overtime and tip income misconceptions 07:01 - Employer reporting challenges on W-2s 07:57 - Car loan interest deduction rules 08:57 - New child savings account incentives 10:15 - Who qualifies for government contributions 10:54 - Social Security tax headline confusion 11:31 - Energy efficiency credits expiring 12:05 - Electric vehicle tax credit deadlines 13:41 - Understanding progressive tax brackets 15:39 - Charitable deduction changes for 2026 17:18 - Qualified Charitable Distributions explained 18:20 - Inherited IRA and RMD rule updates 19:52 - Year-end retirement contribution strategies 21:40 - Managing capital gains and tax losses 22:18 - Importance of December 31st deadlines 24:32 - Home office deduction myths 25:42 - Gifting money to family and tax rules 27:09 - Lifetime gift exemption explained 28:29 - Final thoughts on tax legislation impact 29:12 - How to contact Brookside Tax & Financial Group 📞: Call us at 440-886-3550 or visit www.brooksidetax.com to schedule your consultation today! #SavingsFundamentals #RetirementPlanning #FinancialPlanning #EmergencyFund #HighInterestDebt #FedRateCut #Investing #PersonalFinance #BrooksideFinancial #RoadToRetirement #ohio #parma #cleveland