Tax Return Review Guide

What You’ll Discover Inside

Should you switch to itemized deductions? Learn when bunching charitable donations, property taxes, and medical expenses makes sense — especially with the expanded state and local tax cap through 2029.
New 2026 above-the-line cash charitable deduction for standard deduction filers (up to $1,000 single / $2,000 joint).
Extra standard deductions for age 65+ and the powerful new $6,000 enhanced senior deduction (available through 2028).
Maximize Child Tax Credit ($2,200 per qualifying child) and Credit for Other Dependents ($500).
American Opportunity and Lifetime Learning Credits — plus smart 529 planning.
How to fix under-withholding and avoid penalties next year.

Still time to make 2025 traditional or Roth IRA contributions (up to $7,000 + $1,000 catch-up for age 50+).
2026 IRA limits increase to $7,500 + $1,100 catch-up.
Backdoor Roth conversions and Form 8606 tracking.
Maximize 401(k), 403(b), or 457 contributions (2026 limit: $24,500 + catch-up).
HSA contribution rules, limits ($4,300 self-only / $8,550 family in 2025; higher in 2026), and payroll deduction benefits.

Required Minimum Distributions (RMDs) — make sure yours are satisfied and correctly reported.
Qualified Charitable Distributions (QCDs) up to $111,000 in 2026 — tax-free way to give.
Roth conversion reporting and tax-efficient rollover rules.

Spot opportunities you can still act on before the filing deadline
Start 2026 with a smarter tax strategy
Avoid costly mistakes and penalties
Complimentary resource from the in-house team of tax professionals at Annex Wealth Management