Changes For the Upcoming Tax Season, with Guest Jeff Corrigan | Road to Retirement Podcast

Tax season is coming faster than you think — and this year brings major changes. In this episode of the Road To Retirement Podcast, Tony Marlette Jr. sits down with Brookside Tax & Insurance Advisor Jeff Corrigan and Estate Planning Attorney Zach Padden to break down what individuals and retirees need to know heading into the upcoming tax year.

They discuss the most important documents to bring to your tax appointment, why reviewing prior-year returns matters, and common mistakes people make every year. The conversation dives deep into recent tax law changes, including the enhanced standard deduction for those 65+, misconceptions around Social Security taxation, overtime and tip income rules, charitable deductions, RMD updates, inherited IRA rules, energy credits expiring, EV tax credits, gifting rules, and year-end tax planning strategies.

If you’re retired, nearing retirement, or simply want to avoid costly tax surprises, this episode is packed with practical guidance and real-world examples to help you plan smarter.

Timestamps:
00:01 - Podcast introduction and guest overview
00:27 - Tax season timing and mindset
01:43 - Preparing for your tax appointment
02:20 - Using prior-year returns to avoid mistakes
03:02 - Why some tax documents arrive late
03:56 - Overview of upcoming tax law changes
04:17 - Enhanced standard deduction for those 65+
05:16 - Income thresholds and deduction limitations
06:01 - Overtime and tip income misconceptions
07:01 - Employer reporting challenges on W-2s
07:57 - Car loan interest deduction rules
08:57 - New child savings account incentives
10:15 - Who qualifies for government contributions
10:54 - Social Security tax headline confusion
11:31 - Energy efficiency credits expiring
12:05 - Electric vehicle tax credit deadlines
13:41 - Understanding progressive tax brackets
15:39 - Charitable deduction changes for 2026
17:18 - Qualified Charitable Distributions explained
18:20 - Inherited IRA and RMD rule updates
19:52 - Year-end retirement contribution strategies
21:40 - Managing capital gains and tax losses
22:18 - Importance of December 31st deadlines
24:32 - Home office deduction myths
25:42 - Gifting money to family and tax rules
27:09 - Lifetime gift exemption explained
28:29 - Final thoughts on tax legislation impact
29:12 - How to contact Brookside Tax & Financial Group

📞: Call us at 440-886-3550 or visit www.brooksidetax.com to schedule your consultation today!

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