For 2026, the Social Security maximum taxable earnings limit has increased to $184,500. This is up from $176,100 in 2025, meaning high earning employees will pay Social Security tax on an additional $8,400 of income.

For many taxpayers, 2026 may bring good news: If your total taxable income falls within the following ranges, you’ll owe no federal capital gains tax: • Individuals: $49,450 or less • Married couples filing jointly: $98,900 or less

Start the year off right! Review your tax withholding and make any necessary updates. New hires and employees making changes should use the 2026 W-4 form.

Beginning January 1, 2026, catch-up contributions for employees aged 50+ earning more than $145,000 must be made as Roth (after-tax) contributions.

Beginning January 1, 2026, the IRS is increasing the reporting threshold for Form 1099-NEC and Form 1099-MISC from $600 to $2,000 per calendar year.

Starting January 1, 2026, the minimum wage in New York State will increase.

You can now deduct up to $10,000 in interest paid on a loan used to purchase a qualified personal-use vehicle.

The IRS has increased IRA contribution limits to help you save more for retirement—plus extra benefits for those age 50 and older.