How LLC Owners Save on Taxes in 2026

LEGISLATIVE UPDATES LIBRARY

Tax Legislative Updates — 2026 Tax Law Reference for Practitioners

Evergreen practitioner guides to major tax legislation and 2026 inflation-adjusted limits. All figures verified from IRS.gov and Rev. Proc. 2025-32.

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2026Tax Year
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Tax law changes constantly — but practitioners who understand the legislative landscape can identify planning opportunities that generalists miss. This library covers both major legislation (OBBBA, TCJA, SECURE 2.0) and the 2026 inflation-adjusted limits that affect every client return.

Unlike news articles that become stale, these guides are evergreen references updated annually with verified figures from IRS Rev. Proc. 2025-32 and current IRC authority.

2026 Tax Year Limits & Thresholds

Verified 2026 inflation-adjusted figures for all major tax provisions.

2026 Brackets Tax Rates Rev. Proc. 2025-32

2026 Tax Brackets and Rates — Complete Guide

All 7 tax brackets for all filing statuses, with planning implications.

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Standard Deduction 2026 Filing Status

2026 Standard Deduction — All Filing Statuses

$15,750 single, $31,500 MFJ, $23,625 HOH — with planning strategies.

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401(k) IRA SECURE 2.0

2026 Retirement Contribution Limits — All Plans

401(k), IRA, SEP-IRA, SIMPLE, and defined benefit limits.

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HSA HDHP IRC §223

2026 HSA Contribution Limits

$4,300 self-only, $8,550 family — with HDHP requirements.

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Gift Tax IRC §2503 Annual Exclusion

2026 Gift Tax Annual Exclusion

$19,000 per donee — with gifting strategies for high-net-worth clients.

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Estate Tax Portability IRC §2010

2026 Estate Tax Exemption

$13,990,000 per person — portability and planning before potential sunset.

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Social Security FICA SE Tax

2026 Social Security Wage Base

$176,100 — FICA and self-employment tax planning implications.

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FICA SE Tax IRC §1401

2026 FICA and Self-Employment Tax Rates

12.4% SS + 2.9% Medicare — with strategies to reduce SE tax.

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Mileage Rate IRC §274 2026

2026 Mileage Rates — Business, Medical, Charitable

70 cents/mile business, 21 cents/mile medical, 14 cents/mile charitable.

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Section 179 IRC §179 Bonus Depreciation

2026 Section 179 Limits

$1,220,000 deduction limit, $3,050,000 phase-out threshold.

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Bonus Depreciation IRC §168 TCJA

2026 Bonus Depreciation Phase-Out Schedule

40% bonus depreciation in 2026 — planning window before further phase-down.

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QBI IRC §199A SSTB

2026 QBI Deduction Thresholds

$197,300 single / $394,600 MFJ — SSTB phase-out and W-2 wage limitation.

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EITC IRC §32 Due Diligence

2026 EITC Income Limits and Credit Amounts

Maximum $8,046 (3+ children) — income limits and due diligence requirements.

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CTC ACTC IRC §24

2026 Child Tax Credit — Phase-Out Thresholds

$2,000 per child, ACTC up to $1,700, phase-out at $400K MFJ.

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Quick Reference Comparison

Provision2026 AmountSourceNotes
2026 Standard Deduction (Single)$15,750Rev. Proc. 2025-32Increased from $14,600 (2025)
2026 Standard Deduction (MFJ)$31,500Rev. Proc. 2025-32Increased from $29,200 (2025)
2026 401(k) Contribution Limit$23,500Rev. Proc. 2025-32SECURE 2.0 catch-up enhanced
2026 IRA Contribution Limit$7,000 ($8,000 age 50+)Rev. Proc. 2025-32Unchanged from 2025
2026 Estate Tax Exemption$13,990,000Rev. Proc. 2025-32OBBBA made permanent
2026 Gift Tax Annual Exclusion$19,000Rev. Proc. 2025-32Increased from $18,000 (2025)
2026 Section 179 Limit$1,220,000Rev. Proc. 2025-32Phase-out at $3,050,000
2026 Bonus Depreciation40%IRC §168(k)Phase-down from 60% (2024)

Source: IRS.gov, Rev. Proc. 2025-32, IRC. Updated for 2026 tax law.

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Professional Disclaimer

The information on this page is intended for licensed tax professionals (CPAs, EAs, and tax attorneys) and is provided for educational and research purposes only. Tax law is complex and fact-specific — all strategies discussed are subject to limitations, phase-outs, and conditions that may not apply to every client situation. Practitioners should independently verify all information against current IRS guidance, Treasury Regulations, and applicable state law before advising clients. This content does not constitute legal or tax advice.

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