As the end of 2026 approaches, businesses, business owners, and individuals should be reviewing how recent tax law changes may affect their year-end decisions.

In ML&R’s 2026 Year-End Tax Planning Webinar, tax professionals Anna Cardozo, Mayela Limas, and Jennifer Kruppa discuss important federal, state, and individual tax developments and highlight planning opportunities to consider before year-end.

Below is an overview of the main topics discussed:

  • Individual tax planning: Itemized deductions, state and local tax deductions, charitable giving, and planning considerations for qualified small business stock and qualified opportunity zone investments.
  • Estate, gift, and retirement planning: Opportunities to coordinate wealth transfers, charitable contributions, and retirement strategies with long-term family goals.
  • Business tax updates: Research and development expense treatment and credits, bonus depreciation, business interest deduction limitations, and updated employer reporting requirements.
  • Business exit planning: The importance of evaluating transaction structure, potential qualified small business stock eligibility, and after-tax proceeds early in the sale process.
  • State and local tax developments: Texas research and development incentives, multistate nexus and sourcing considerations, differences between federal and state tax treatment, and pass-through entity tax elections.

Good tax planning is more than reacting to changes at filing time. It involves reviewing projected income, investments, business activities, charitable goals, retirement plans, and long-term financial objectives before the year closes. Early conversations with tax and financial advisors can help identify opportunities and avoid last-minute surprises.

Watch ML&R’s 2026 Year-End Tax Planning Webinar to hear the full discussion and learn which issues may deserve attention as you prepare for 2027.

Tax laws and regulations are complex and subject to change. This content is provided for general informational purposes only and should not be considered legal, tax, accounting, or investment advice. Please consult your professional advisor regarding your specific circumstances.

Have questions about how these updates may affect you or your business? Contact our team to discuss your year-end planning considerations.