Tax laws change every year—and staying informed can save you money. As we head into 2026, several updates could impact your tax return, from higher deductions to new credits and retirement contribution limits. Here’s what you need to know to plan ahead and make the most of these changes.
By following this checklist, you can effectively prepare for the year-end tax season, ensuring you take advantage of all available deductions and credits while planning strategically for future tax years.
Using a personal loan for tax planning is not a conventional strategy and carries risks. Most scenarios in which it may be applicable involve cash flow management or funding investments, but these should be carefully weighed against the potential interest costs and risks involved. Your overall financial situation, goals, and the specific terms of the loan are critical considerations.
