Money Guy Show Tax Updates You Can’t Afford to Miss
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Nov 19, 2025 Discover the latest IRS tax updates for 2026 that could reshape your financial strategies! Topics include new contribution limits for retirement accounts, changes to tax brackets, and updates on child tax credits. The hosts discuss the impact of health savings accounts and education account limits, plus temporary policy shifts to watch. Live Q&A segments provide real-life financial advice, from celebrating a net worth milestone to navigating debt after marriage. Tune in for key insights to enhance your tax planning!
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Update Your 401(k) Deferral Rate
- Increase your retirement deferrals to match new 2026 limits so you don't leave tax-advantaged savings on the table.
- Verify payroll elections and plan rules (catch-up Roth elections) with HR before January.
Expect Quirky IRA Limit Changes
- 2026 IRA catch-up and contribution changes are oddly non-uniform and may cause confusion across accounts.
- Update your contribution plan because IRA catch-up rose to $1,100 while the base IRA limit rose to $7,500.
Maximize Health Savings Accounts
- Use HSAs as a triple-tax-advantaged vehicle by contributing, investing, and saving receipts for future reimbursements.
- Maximize catch-up contributions if eligible (age 55+), and consider separate HSAs for spouses to add $1,000 each.
