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Money Guy Show

Tax Updates You Can’t Afford to Miss

Money Guy Show

Brian Preston, CPA, CFP®, PFS and Bo Hanson, CFA, CFP® | Fee-Only Fiduciary Advisors

Education, Investing, Business

4.73.1K Ratings

🗓️ 19 November 2025

⏱️ 65 minutes

🧾️ Download transcript

Summary

The IRS just released the 2026 tax updates and they’re full of major changes that impact your retirement accounts, your deductions, and your long-term tax planning. We break down new contribution limits for 401(k)s, IRAs, HSAs, SIMPLEs, and more, plus important updates to tax brackets, the SALT deduction, child tax credits, and upcoming rule expansions. After that, we answer your financial questions live on air! ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠Jump start your journey with our FREE financial resources⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠Reach your goals faster with our products⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠Take the relationship to the next level: become a client⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠Subscribe on YouTube for early access and go beyond the podcast⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠Connect with us on social media for more content⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ Bring confidence to your wealth building with simplified strategies from The Money Guy. Learn how to apply financial tactics that go beyond common sense and help you reach your money goals faster. Make your assets do the heavy lifting so you can quit worrying and start living a more fulfilled life. ⁠⁠⁠⁠⁠DRINKAG1.com/MONEYGUY Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0

Tax updates. You can't afford to miss.

0:08.8

Brent, I am so excited about this because it is that time of the year where the IRS has finally

0:14.0

let us know what we can expect next year when it comes to how much money we can save

0:20.4

for the future, what tax

0:21.7

opportunities are available to us, the numbers are in, hot off the press, and we get to go

0:27.3

through them today. This is always, you know, being a financial nerd, I have quirky times

0:32.4

of the year I get excited for. You know, we've, in the past, we've joked about that we love

0:36.5

when Warren Buffett wrote the letters,

0:39.1

letters to shareholder.

0:40.8

When I was writing Millionaire Mission, I remember we had the book written, but we couldn't,

0:45.9

we needed all the year-end updates.

0:48.2

So now every November, I get excited because it's always around November.

0:52.7

The government tells us what are the changes they've made to all of our contribution limits, our tax brackets.

0:59.0

So with that, this is stuff.

1:00.7

I'm hoping that I can turn this into your own nerdy tradition that you too can get excited about.

1:05.5

So let's talk about what changed, some of the updates.

1:08.4

And let's start with maybe the exciting ones or the ones that

1:11.4

people likely get the most excited about. And these are contribution limits. As you know,

1:16.0

for certain tax-incentivized retirement plans, the government says, hey, these things are really,

1:20.1

really good, but you can only put so much money into them. And every year, those numbers change

1:25.8

just a little bit. Well, 2026 is no different. When we look

1:29.3

at contribution limits for 401K, 403B, 4757, employer-sponsored plans and the Thrift Savings

...

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