John L Norman LLC

Thinking about solar, EVs, or energy-efficient upgrades?

Several energy tax credits expire under the One Big Beautiful Bill Act including:
🚗 Clean vehicle credit
🏠 Residential clean energy credit
🔋 Energy-efficient home improvement credit

The IRS has published FAQs to help with eligibility and phase-out timelines.

Call for more information, but don’t make any changes until you speak with your tax, legal, or accounting professional.



Source: IRS.gov, September 16, 2025

Don’t itemize? In 2026, you can deduct cash donations to charity.

You can deduct up to:
🔹$1,000 if filing single
🔹$2,000 if married filing jointly

Donations must be made in cash and sent to qualified organizations. This is a new option for giving back while managing taxable income without requiring itemization.

Call for more information, but don’t make any changes until you speak with your tax, legal, or accounting professional.



Source: IRS.gov, May 30, 2025

The Centers for Medicare & Medicaid Services (CMS) has released the 2026 Medicare Part A and Part B premiums and deductibles for the upcoming year.

Here’s a look at the new figures:
▪️ Part B premium: $202.90 per month (previously $185)
▪️ Part B deductible: $283 (previously $257) before Original Medicare begins covering services.
▪️ Part A inpatient deductible: $1,792 (previously $1,676)

These updates take effect in January and reflect the latest adjustments from CMS. Individuals enrolled in Medicare may notice changes in their monthly costs or coverage details for the upcoming year.



Source:
CNBC, November 17, 2025

Under the One Big Beautiful Bill Act, the standard deduction might impact your upcoming tax filing.

The updated standard deduction amounts for 2026 will be:
▪️$32,200 for married filing jointly
▪️$24,150 for head of household
▪️$16,100 for single or married filing separately

Call for more information, but don’t make any changes until you speak with your tax, legal, or accounting professional.



Source: IRS.gov, September 10, 2025