Discover the top 2026 year-end tax and financial planning strategies for high-net-worth families in Austin, Albuquerque, and Santa Fe, including capital gains, Roth conversions, charitable giving, estate planning, and business owner tax strategies.

For many families, taxes are something that get attention once a year in March or April. However, the next few years are shaping up to be different. The period spanning 2025 and 2026 represented a meaningful planning crossroads, particularly for high-income households, business owners, and retirees. The OBBA made some important tax laws permanent (as permanent as a tax law can be).

July 2025 brought sweeping legislative changes with the passage of the One Big Beautiful Bill. While most headlines focused on tax cuts and education reform, a lesser-known but highly relevant provision for many of our clients is the new federal remittance tax.

The Inflation Reduction Act of 2022 (IRA) was passed with a multitude of goals for the United States, one of them being to incentivize businesses and individuals to participate in the clean energy transition. For individuals specifically, these incentives take the form of tax credits for electric vehicles and clean energy or energy efficient homes. Some components of the Inflation Reduction Act may be repealed under the Trump administration, as Donald Trump has expressed the desire to repeal the Act and rescind any unspent funds allocated for it. Tax credits for EVs, solar panels, and battery storage may be repealed in 2025, so if you’ve thought about claiming a credit for any one of these, the time to do it is before the end of 2024. We’ll discuss each of these credits in more detail.

The 2018 Tax Cuts and Jobs Act (TCJA) introduced several provisions, many of which are set to expire or “sunset” in 2025.