{"version":1,"type":"rich","provider_name":"Libsyn","provider_url":"https:\/\/www.libsyn.com","height":90,"width":600,"title":"Episode 141: From Kids' First Jobs to High Earners: Your Mid-Year Tax Playbook","description":"In this episode:  2026 Tax Legislation Outlook \u2014 No major tax changes expected this year; budget reconciliation and new proposals remain largely on hold. Retirement Savings Updates \u2014 Expanded 401(k) investment options (real estate, private equity), new IRA access for those without workplace plans, and spousal IRA contribution rules. Roth IRA Benefits \u2014 Tax-free growth advantages and AGI threshold increases for contributions. Summer Tax Tips for Families \u2014 Tax withholding rules for dependent children working summer jobs, and how to hire your child if you're self-employed to reduce payroll taxes. Child and Dependent Care Credit \u2014 Enhanced credit limits for 2026, including eligibility for summer camps. Kids' Roth IRAs \u2014 Opening retirement accounts for children with earned summer income. Employee Fringe Benefits \u2014 IRS guidance on taxable vs. non-taxable benefits, including employer-paid tuition assistance (up to $5,250 annually, indexed for inflation starting 2027). Marijuana Tax Developments \u2014 Medical marijuana reclassified to Schedule III, removing the 280E deduction limitation for medical operators. Nonprofit Filing Deadline \u2014 May 15th deadline for calendar-year exempt organizations; upcoming Form 990 revisions for increased transparency. Tax Rates for High Earners \u2014 Breakdown of effective tax rates vs. tax brackets for top 1% earners, including capital gains and net investment income tax. ","author_name":"Accounting and Accountability","author_url":"http:\/\/fawcasson.libsyn.com\/website","html":"