TBH Advisors, LLC

2026 Tax Law Changes: Key Highlights

Several tax law changes are scheduled to take effect in 2026, including:
Permanent extension of current income tax rates
Higher standard deductions
Additional deduction for some taxpayers age 65+
Expanded charitable giving benefits for non-itemizers
Increased Child Tax Credit and dependent care benefits
Expanded 529 education savings opportunities
Permanent QBI deduction for many business owners
Higher federal estate and gift tax exemptions

While some provisions are permanent, others are scheduled to expire after 2028. Tax impacts will vary based on individual circumstances.

Understanding Trump Accounts: A New Savings Option for Eligible Children

A new savings and investment option is now available for eligible children under age 18.

Trump Accounts are tax-advantaged investment accounts designed to encourage long-term saving and investing. Children born between 2025 and 2028 may also be eligible for a one-time $1,000 government contribution, subject to program requirements. Annual contributions of up to $5,000 may be made. Depending on applicable program rules and employer participation, employer contributions may be available.

If you are a parent or grandparent of an eligible child, you may wish to learn more about how these accounts work and whether they may be appropriate based on your family's financial circumstances and long-term goals.


Learn more:

https://trumpaccounts.gov/

https://www.fidelity.com/retirement-ira/530a-trump-accounts

https://www.irs.gov/trumpaccounts

This information is provided for educational and informational purposes only and should not be construed as investment, tax, or legal advice or a recommendation to open a Trump Account. Eligibility requirements, contribution limits, investment options, and tax treatment are subject to applicable law and program rules and may change. Investors should consider their own financial circumstances and consult with their tax or legal advisor regarding their individual situation before making financial decisions.

Advisory services are offered through TBH Advisors, LLC, a registered investment adviser. Registration does not imply a certain level of skill or training.

Congratulations to TBH’s Josh Henley for being named to Nashville’s Black 40 under 40 leadership list! Could not have been awarded to a more deserving professional, leader, and family man!

Have you ever heard of the bucket strategy? With this approach, you segment your retirement expenses into three buckets, attempting to match income sources to essential expenses.

April is National Social Security Month—a good reminder to review your claiming strategy.

When you claim Social Security can impact your lifetime benefits. Claiming at 62 means accepting a permanent reduction, while waiting until 70 will increase your monthly payment. The right timing depends on a wide range of factors, including your health, income needs, and overall retirement strategy.

If you're within a few years of claiming, now's a great time to review how Social Security fits into your bigger financial picture.

Questions about your retirement strategy? Let's talk.

Budgeting is a tool for keeping your spending in check while helping your expenses align with your income.

✅ Yet not everyone sticks to a household budget.

🤔 Why is this? Perhaps it’s a gap in financial education during our school years, which can contribute to less-than-ideal money habits later in life. 📚💡

It’s 10 days until Tax Day. A busy person like you might find themselves filing your taxes in the final stretch for many reasons. Don’t sweat it! Get your paperwork together, talk to your trusted tax professionals, and remember that filing for an extension is possible before April 15th!

April Fools’ Day is for harmless pranks or little “gotchas.”

Your finances are where small surprises can get expensive.

Some of the most common ones are:
👉 An old beneficiary form
👉 An account title that no longer matches your estate structure
👉 A cash buffer that is too thin
👉 Assumptions that have not been updated since life changed

The fix is rarely dramatic.

It is a quick review, a few updates, and a strategy that aligns with the goals and life you’re living now.

Spring isn't just for deep cleaning your home—it's also a chance to clear out the financial clutter that built up over the winter.

Now's a great time to check in on your spending, review automatic payments, organize important documents, and take one small step toward a bigger goal. It doesn't have to be all at once—just one thing at a time.

Need help figuring out where to start? Reach out—I'm happy to help.


🔗 Sources
CNBC, April 2025
Kiplinger, March 2024
American Express, March 2024

🚢From ships to shares, here’s a brief history of stocks 📊

The first “stocks” were tied to dangerous sea voyages. Today? They’re traded with a tap.

Swipe to explore:
⚫ The first company to issue stock
⚫ The world’s first exchange
⚫ Why stocks became so popular
⚫ How this centuries-old idea still drives markets today