In this Gorfine Schiller and Gardyn podcast episode, Ira Sperling, Principal of Tax Services at GSG, walks us through key highlights from the newly released GSG annual tax planning guide.
From a higher SALT deduction cap to updated 1099 rules, new retirement contribution thresholds, and crypto reporting requirements, this year’s tax landscape presents several planning opportunities for individuals and small businesses. Ira breaks down what has changed, who benefits, and how to make smart decisions before the end of the year.
Whether you are trying to decide between itemizing or taking the standard deduction, planning a Roth conversion, or just want to avoid surprises in April, this episode delivers actionable insights to help you start 2026 on solid footing.
Here are some highlights from the conversation:
- How to decide between the standard deduction and itemizing in light of new brackets and the expanded SALT cap. (0:35)
- Who benefits from the $40,000 SALT cap and how to optimize the timing of deductions. (2:06)
- 2025 retirement contribution limits, Roth conversions, and how to avoid taking two RMDs in one year. (3:47)
- One simple habit that can help you save real money with HSAs and FSAs. (7:03)
- What is actually taxable with crypto and the records you must keep. (8:29)
- Which tax credits and deductions to act on now, from clean vehicles to child tax credits and 100 percent bonus depreciation. (10:23)
GSG is here to help you make informed tax decisions that maximize savings and minimize surprises. Contact us today to connect with a tax advisor and start planning smarter for 2025 and beyond.
