Tax planning in 2026 isn’t just about filing returns — it’s about navigating one of 
the most significant shifts in federal tax policy in years.
With multiple provisions of the One Big Beautiful Bill Act (OBBBA) now in effect, both individuals and business owners are facing new rules, new opportunities, and new risks. The challenge isn’t simply understanding what changed — it’s knowing how those changes interact with your broader financial picture.
Estate Planning Still Matters in 2026
One of the most common misconceptions this year is that higher federal exemptions eliminate the need for estate planning. While fewer taxpayers may be subject to estate tax under current thresholds, thoughtful estate strategy remains critical. Asset protection, business succession, charitable goals, and family governance still require formal planning structures.
Tax Decisions Are More Interconnected Than Ever
Actions that affect one part of your financial picture can now ripple into others. Selling assets, restructuring income, or accelerating deductions may influence credits, future tax positioning, or business valuation. Multi-scenario modeling is becoming an essential planning tool rather than a “nice to have.”
Exit Planning and QSBS Opportunities
Expanded qualified small business stock (QSBS) exclusions create meaningful opportunities for qualifying shareholders to revisit exit planning and capital gains strategies. For many business owners and investors, 2026 may represent one of the most favorable windows in years.
Charitable Giving Strategies Are Shifting
New deduction thresholds may change how effective traditional giving approaches are. Taxpayers may need to rethink timing, consider donor-advised funds, or bundle contributions across years to maintain tax efficiency.
Clean Energy Credits: More Targeted, Still Valuable
While several clean energy incentives are being phased out, certain solar and wind projects may still qualify for tax benefits depending on construction and completion timelines. Timing remains a key factor in capturing these credits.
Payroll Changes Create New Tax Implications
Changes to the taxation of overtime and tipped wages introduce potential deductions for individuals but also add complexity for employers. Payroll systems and reporting methods now carry greater tax significance.
Tariffs and Supply Chain Planning
Tariffs and global sourcing decisions are increasingly tied to tax exposure and profitability. For many companies, procurement strategy has become part of tax planning.
State Tax Conformity Remains Uncertain
States will determine how and when they adopt federal changes. This could lead to inconsistencies between federal and state tax outcomes, particularly for multi-state businesses.
Manufacturing and Production Deductions
Certain production-related property may now qualify for accelerated deductions, creating planning opportunities for manufacturers and processors.
Ongoing IRS and Treasury Guidance
Additional regulations and interpretations are expected throughout the year. Staying informed — or working with an advisor who does — will be critical in navigating evolving rules.
The Bottom Line for 2026 Tax Planning
The most effective tax strategies in 2026 won’t come from last-minute filing decisions. They’ll come from integrated planning that connects tax with business goals, wealth strategy, compensation, and operations.
At Meaden & Moore, we help clients translate complex tax law into practical decisions that support long-term success — not just short-term compliance. If you’re unsure how these changes apply to your situation, now is the right time to start the conversation. Contact us today.
