{"id":148,"date":"2025-11-15T12:58:06","date_gmt":"2025-11-15T12:58:06","guid":{"rendered":"https:\/\/concordtaxsolutions.com\/?p=148"},"modified":"2025-11-17T13:05:03","modified_gmt":"2025-11-17T13:05:03","slug":"irs-2026-tax-updates-business-owners","status":"publish","type":"post","link":"https:\/\/concordtaxsolutions.com\/en\/irs-2026-tax-updates-business-owners\/","title":{"rendered":"2026 is coming in strong: the 3 IRS keys that save you money (guide for business owners)"},"content":{"rendered":"<h1 class=\"wp-block-heading\">Executive Summary<\/h1>\n\n\n\n<p class=\"wp-block-paragraph\">2026 brings a higher standard deduction, updated brackets, and adjustments that impact your cash flow. If you operate an LLC or S-Corp\u2014especially in construction\u2014these changes can reduce your effective tax rate if you prepare early.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">What Changed and Why It Matters<\/h2>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>More \u201croom\u201d in the brackets:<\/strong> Keep more income taxed at lower rates.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Estimated payments:<\/strong> Adjusting quarterlies helps avoid penalties and improves liquidity.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Interaction with new OBBB rules:<\/strong> Reference amounts (standard deduction, AMT, etc.) are updated or clarified.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">Simple Numerical Example<\/h2>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Case (S-Corp, MFJ):<\/strong> Projected taxable income of $210,000. Under the 2026 ranges, a portion remains in the 22% and 24% brackets, reducing the effective tax rate compared to 2025 if everything else remains the same.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">\u201cDo It Today\u201d Checklist<\/h2>\n\n\n\n<ul class=\"wp-block-list\">\n<li class=\"\">Recalculate your 2026 budget (scenarios: conservative, base, aggressive).<\/li>\n\n\n\n<li class=\"\">Update estimated payments using the new brackets.<\/li>\n\n\n\n<li class=\"\">Review your reasonable salary (if S-Corp) and its interaction with QBI and PTET.<\/li>\n\n\n\n<li class=\"\">Close 2025 cleanly: W-9\/1099s, reconciliations, inventory, and job-cost cutoffs.<\/li>\n\n\n\n<li class=\"\">Plan equipment\/vehicle purchases (timing + depreciation).<\/li>\n<\/ul>\n\n\n\n<h2 class=\"wp-block-heading\">Common Mistakes<\/h2>\n\n\n\n<ul class=\"wp-block-list\">\n<li class=\"\">Ignoring brackets and overpaying by not adjusting estimated payments.<\/li>\n\n\n\n<li class=\"\">Delaying the buy-vs-lease decision until the last minute.<\/li>\n\n\n\n<li class=\"\">Not coordinating ACA\/Marketplace with projected income (leading to repayments).<\/li>\n<\/ul>\n\n\n\n<h2 class=\"wp-block-heading\">FAQs<\/h2>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Does this apply if I&#039;m a contractor\/builder?<\/strong><br>Yes. The braces apply to everyone; the impact depends on your entity structure and margins.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Are these numbers \u201cfinal\u201d?<\/strong><br>These figures are published for 2026; additional IRS guidance may follow.<\/p>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity\"\/>\n\n\n\n<h2 class=\"wp-block-heading\">2026 IRS Update \u2014 Standard Deduction and Brackets<\/h2>\n\n\n\n<h3 class=\"wp-block-heading\">Standard Deduction 2026<\/h3>\n\n\n\n<ul class=\"wp-block-list\">\n<li class=\"\"><strong>Married Filing Jointly\/Surviving Spouse:<\/strong> $32,200<\/li>\n\n\n\n<li class=\"\"><strong>Head of Household:<\/strong> $24,150<\/li>\n\n\n\n<li class=\"\"><strong>Single\/Married Filing Separately:<\/strong> $16,100<\/li>\n\n\n\n<li class=\"\"><strong>Additional for age \u226565 or blind:<\/strong> +$1,650 (or +$2,050 if also single and not a surviving spouse)<\/li>\n<\/ul>\n\n\n\n<h3 class=\"wp-block-heading\">Federal Tax Brackets 2026 \u2014 Key Notes<\/h3>\n\n\n\n<ul class=\"wp-block-list\">\n<li class=\"\">The 7 rates remain: <strong>10%, 12%, 22%, 24%, 32%, 35%, and 37%.<\/strong><\/li>\n\n\n\n<li class=\"\">Ranges increase for inflation: plan estimated payments and avoid \u201cbracket creep\u201d driven by inflation.<\/li>\n<\/ul>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity\"\/>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Disclaimer:<\/strong> Informational content only; some provisions depend on final rules and IRS guidance.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><\/p>","protected":false},"excerpt":{"rendered":"<p>Executive Summary 2026 brings a higher standard deduction, updated brackets, and adjustments that impact your cash flow. If you operate an LLC or S-Corp\u2014especially in construction\u2014these changes can reduce your effective tax rate if you prepare early. What Changed and Why It Matters More \u201croom\u201d in the brackets: Keep more income taxed at lower rates. [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"nf_dc_page":"","_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1],"tags":[],"class_list":["post-148","post","type-post","status-publish","format-standard","hentry","category-blog"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.7 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>2026 is coming in strong: the 3 IRS keys that save you money (guide for business owners) - Concord Tax Solutions<\/title>\n<meta name=\"description\" content=\"IRS 2026 updates bring a higher standard deduction and new brackets. 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