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 penalties with safe harbor payments (110% of last year’s tax). Use IRS Form 1040-ES calculator.

• Entity Check: Sole prop? Consider S-Corp election by March 15 to save on self-employment tax (15.3%).

• LA-Specific Tip: California conformity lags federal changes—double-check state nexus for multi-state filers.

Ready to optimize? Book a free 2026 strategy session at mikepitari.com.  Let’s turn tax time into growth time. What’s your biggest 2026 worry? Comment below

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J. Michael Pitari, CPA AN ACCOUNTANCY CORPORATION 2615 Pacific Coast Highway, Suite 224 Hermosa Beach, CA  90254 (310) 874-5720 Ph (775) 908-8394 Fax info@mikepitari.com     Visit my website http://mikepitari.com to sign up for a FREE monthly newsletter with tax savings tips.   ******************************************************************** Regulations issued by the IRS require us to advise you that any tax advice contained in this communication (including any attachments) was not written or intended to be used (and cannot be used) by any taxpayer for the purpose of avoiding penalties that may be imposed under the Internal Revenue Code or applicable state or local tax law provisions. ******************************************************************** NOTICE: The information contained in this electronic e-mail and any accompanying attachment(s) is intended only for the use of the intended recipient and may be confidential and/or privileged. If any reader of thi...
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