What's New: Money Updates in 2026

We’ll get right into it- here are the new numbers and policies in 2026:

Estate and Gifting Limits 2026

• Estate Tax Exemption limits are now $15 Million per person

• The annual Gift Tax Exclusion is $19,000

Tax Deductions Have Changed for Some

• The Standard deduction for taxes is $32,2000

• Car Loan interest is potentially deductible (based on income)

• Cash donations to charity are deductible up to $300 per person, even if you itemize

Child Saving Account Updates and the new Trump Accounts

• 529 plans can be rolled into Roth IRAs (effective 2024, but a 15-year open applies)

• The Trump account can be opened, and the treasury will fund it $1,000 for babies born 2025-2028, using form 4547

Retirement Plan Updates

• CalSavers now applies to all businesses with even a single employee: companies must have a retirement plan in place or risk penalties of up to $750 per employee

  Retirement limits have increased again, too:

Account Type	2025 Limit	2026 Limit	Change
Traditional / Roth IRA	$7,000	$7,500	+$500
IRA Catch-up (Age 50+)	$1,000	$1,100	+$100
401(k) / 403(b) / 457 Deferral	$23,500	$24,500	+$1,000
401(k) Catch-up	$7,500	$8,000	+$500
"Super" Catch-up (Age 60–63)	$11,250	$11,250	No Change
SIMPLE IRA Deferral	$16,500	$17,000	+$500
SIMPLE Catch-up (Age 50+)	$3,500	$4,000	+$500
SEP IRA / Solo 401(k) Max	$70,000	$72,000	+$2,000
HSA (Self-Only)	$4,300	$4,400	+$100
HSA (Family)	$8,550	$8,750	+$200

If you’d like to discuss how these updates might impact your personal situation, feel free to book an appointment online or over the phone