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Nov 10, 2026 · Sandra P. Tapia, CPA, MBA, MAcc If you earn a W-2 salary, your biggest tax levers for 2026 are pretax workplace accounts and a handful of new deductions — and most of them close on December 31, 2026. All figures below are for tax year 2026 (the return you file in 2027) and come from IRS.gov. As of today, the IRS has not yet published the 2027 401(k) and IRA limits; we will share them as soon as they are released. At a glance: 10 strategies for 2026 # Strategy K

You May Qualify for COVID Penalty Relief! If you or your business filed federal tax returns between 2020 and 2023, you may be eligible for a penalty and interest refund from the IRS. PenaltyBack uses IRS First-Time Abatement and Reasonable Cause rules to file Form 843 on your behalf — it's completely free to check, and they only charge a fee if your refund is approved. The average refund is $3,200, and the deadline to file is July 2026. Legal Framework & Risk Assessment The p