Income tax changes for 2026

[olds442jetaway]

Yes, the Salt is a big one for us. I’m afraid though, we will come close to losing those great 6k each freebies. If we and all of the gang can stay well, that’s the big game winning touchdown!! The phaseout on the senior deductions starts an 150k MAGI for a couple.

[Tedlark]

Ha!

Just be like my sisters and stay 29 forever...

[Jstark]

I read an article earlier today that had a list of states with legalized casino gambling and the list showed the threshold for generating a W2-G. Many of the states on the list are still generating W2-G's at the $1,200.00 mark regardless of the new Federal threshold of $2,000.00.

For $1200.00-$1999.99 those states will only withhold state (and local if applicable). I already have a couple from Hollywood Toledo. Federal is still optional, but only at the $2000+ mark.

[Tedlark]

Correct.