Happy New Year! Starting January 1, 2026 a wave of new federal laws + tax changes take effect.

📍NEW FEDERAL LAW & TAX CHANGES

💵 Paychecks & Taxes

• No tax on tips up to $25,000

• No tax on overtime up to $12,500

• No tax on interest for American-made car loans

📊 Deductions

• Standard deduction increases:

– $32,200 married filing jointly

– $16,100 single

• Seniors receive higher standard deductions

• New charitable deduction for standard filers:

– $1,000 single / $2,000 married (cash donations)

🏡 Wealth & Estates

• Estate tax exemption rises to $15 million (2026, inflation-adjusted)

🚘 Business & Travel

• 2026 standard mileage rate increases to 72.5¢ per mile

👶 Families

• Child Tax Credit increased to $2,200

• Trump Child Savings Accounts continue:

– $1,000 government seed at birth

– Up to $5,000 annual family contributions

– Invested in broad market index

– Private property until age 18

– Potential growth up to $1.9M by age 28

– Dell adds $250 in qualifying ZIP codes

🌱 Regulation Changes

• Green New Deal regulations cut — lowering car prices

• Stricter work requirements for able-bodied adults on SNAP

• Higher threshold before gambling winnings trigger reporting forms

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⚠️ Whether you love these changes or hate them — they WILL affect you.