The IRS has announced new federal tax changes for 2026 that may affect what families may owe and the refunds they may receive.

For financial advisers and wealth managers, these IRS adjustments and OBBB reforms highlight a clear message: tax planning is now more fluid than ever. The expanded standard deduction, enhanced childcare credits, and larger estate tax thresholds could reshape cash flow and legacy planning conversations heading into 2026.

In a statement this week, the IRS has announced the U.S.’s federal income-tax thresholds for the 2026 tax year.

New IRS regulations are changing 401(k) catch-up contribution rules for workers aged 50-plus who earn over $145,000 by mandating after-tax Roth contributions starting in 2026.

New rules from the IRS will take away a popular retirement tax break from some of the workforce’s higher earners. Starting in 2027 — although some plans could implement the change by next year — workers aged 50 and up who earn more than $145,

A slate of other tax and fee hikes also kicks in Oct. 1, including on major financial institutions and to fund transportation.

On episode nine of the "Seattle News Weekly" podcast, FOX 13 Seattle anchor Hana Kim and small business owner Joshua Dirks talk about new taxes in WA that have pushed Dirks to close his business.