JANUARY 2026
Welcome to this month's edition of the Tax and Business Alert. Our goal is to provide you with current articles on various tax and business topics. The articles are intended to keep you up to date on trends and issues that may impact your business and personal financial affairs.  Please contact us if you have questions about any of the issues discussed.

Previous Issue

 

Taxpayers who received tips or overtime pay in 2025 may be eligible for a new deduction when they file their income tax return. Last year's One Big Beautiful Bill Act (OBBBA) created both deductions, which can be claimed whether or not the taxpayer itemizes deductions. But various rules and limits apply. This article provides an overview of the deductions, rules and limits.


While the One Big Beautiful Bill Act (OBBBA) extends or enhances many tax breaks for businesses, it ends some clean energy tax incentives. Fortunately, businesses may still benefit from certain clean energy breaks if they act in the first half of 2026. This article looks at clean energy tax breaks related to building improvements and vehicles.


An unexpected influx of money - such as from an inheritance, bonus, legal settlement or lottery win - can feel exciting and full of possibility. But without a clear plan, that financial good fortune might not last as long as hoped. This article discusses how to avoid common pitfalls and use a windfall wisely.


Many tax law changes went into effect in 2025 under the One Big Beautiful Bill Act (OBBBA). But additional OBBBA provisions, as well as some changes under previous legislation, are going into effect in 2026. This article provides a sampling of some significant tax law changes for individuals this year.


This calendar notes important tax deadlines for the first quarter of 2026





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The Tax and Business Alert is designed to provide accurate information regarding the subject matter covered. However, before completing any significant transactions based on the information contained herein, please contact us for advice on how the information applies in your specific situation. Tax and Business Alert is a trademark used herein under license. © Copyright 2026.