Trump accounts open July 4, 2026 with a free $1,000 seed. But earnings are taxed as ordinary income, and that changes who should fund one.
Browsing: OBBBA
OBBBA’s $15M exemption did not kill the Connelly buy-sell trap. It moved to state estate taxes, where one insurance-funded redemption can cost $82,400.
The $6,000 senior bonus deduction phases out at 6% above $75,000 MAGI in 2026. How RMDs claw it back, and the QCD and Roth moves that protect it.
OBBBA cut the value of charitable deductions for top earners in 2026. Why donor-advised funds and bunching now anchor wealth preservation for HNW clients.
Spousal Lifetime Access Trusts surge in 2026 as OBBBA’s permanent $15M estate exemption rewrites the math. Reciprocal-trust pitfalls advisors must avoid.
OBBBA raised SALT to $40,000 with a phaseout above $500K MAGI. The ACA subsidy cliff is back. What advisors must address with clients now.
OBBBA raised the federal estate exemption to $15M ($30M couple) in 2026. Inside the planning rewrite for HNW clients: gifting, GST, portability, and SALT.
OBBBA made TCJA brackets permanent, removing 2025 deadline pressure. Roth conversions still work in 2026 – the playbook needs a rewrite.