JOURNAL ARTICLE

The Kiplinger Tax Letter.

  • Published In: Kiplinger Personal Finance, 2026, v. 80, n. 5. P. 36c 1 of 2

  • Database: Academic Search Ultimate 2 of 2

Abstract

The article provides a detailed overview of key U.S. federal tax changes effective for the 2026 tax year, as introduced by the "One Big Beautiful Bill" (OBBB). Major updates include new limits on charitable deductions, expanded child and dependent care tax credits, adjustments to itemized deductions for upper-income taxpayers, and changes to gambling loss deductions. It also outlines the expiration of several clean energy tax credits, increased contribution limits for retirement accounts and health savings accounts, and the introduction of "Trump accounts," a new tax-advantaged savings vehicle for children. Additionally, the article covers modifications to capital gains income thresholds, estate and gift tax exemptions, education-related tax benefits, and new excise taxes on remittance transfers by noncitizens. These changes reflect inflation adjustments and policy shifts impacting individuals, families, and businesses for the 2026 tax filing season. [Extracted from the article]

Additional Information

  • Source:Kiplinger Personal Finance. 2026/05, Vol. 80, Issue 5, p36c
  • Document Type:Article
  • Subject Area:Business and Management
  • Publication Date:2026
  • ISSN:1528-9729
  • Accession Number:192353551
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