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July 2, 2026
Small businesses: July 6, 2026 is the key deadline to claim retroactive full deductions for domestic research and experimental expenses from 2022 through 2024. If you capitalized R&D under the old Section 174 rules and average under $31M in gross receipts, the amended-return window closes in days, not months.
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July 1, 2026
The SALT cap quadrupled to $40,400 for 2026, but above roughly $505,000 of MAGI it phases right back down to $10,000. The people with the most state tax to deduct got a cap increase that evaporates before it reaches them. We wrote up what that does to PTET math: the new SALT cap has a trapdoor at $500K.
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June 28, 2026
Charitable giving rules changed this year and almost nobody adjusted. Itemizers now lose the first 0.5% of AGI in deductions; non-itemizers can newly deduct $1,000 single or $2,000 joint. If you give the same way you gave in 2025, you are probably leaving deduction on the table. The briefing has the details.
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