2026 Tax Planning:
5 Strategies to Maximize Your Deductions Now As a tax professional in Los Angeles serving busy clients from small businesses to high earners, I see one common thread: proactive planning beats last-minute rushes every time. With President Trump’s recent tax reforms still rolling out, 2026 offers fresh opportunities to slash your bill legally and smartly. Why Act Early? Filing season is months away, but deductions like retirement contributions and business expenses lock in now. For example, self-employed folks can front-load SEP-IRA deposits to cut taxable income by thousands—I’ve helped clients reclaim 25-30% more this way. Quick Strategies • Business Expenses: Track home office setups, mileage (2026 rate likely ~70¢/mile), and supplies via apps like QuickBooks. Don’t sleep on Section 179 for equipment buys. • Retirement Boost: Max your Solo 401(k) or SEP—up to $69K for 2026 limits. Perfect for CPAs like me who consult on AI tax tools. • Quarterly Estimates: Avoid pen...