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
4.7 • 3.1K Ratings
🗓️ 19 November 2025
⏱️ 65 minutes
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Summary
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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