MPM Wealth Advisors — 2026 Tax Quick Reference
Federal & Ohio  ·  Tax Year 2026 (filed 2027)  ·  For internal advisor use only
2026 Tax Quick Reference
For advisor use only  ·  Tax Year 2026 (filed 2027)  ·  Federal & Ohio
📊 2026 Federal Income Tax Brackets  (Taxable Income — after deductions)
Rate Single Married Filing Jointly Rate Head of Household
10% $0 – $12,400 $0 – $24,800 10% $0 – $17,700
12% $12,401 – $50,400 $24,801 – $100,800 12% $17,701 – $67,350
22% $50,401 – $105,700 $100,801 – $211,400 22% $67,351 – $105,700
24% $105,701 – $201,775 $211,401 – $403,550 24% $105,701 – $201,775
32% $201,776 – $256,225 $403,551 – $512,450 32% $201,776 – $256,225
35% $256,226 – $640,600 $512,451 – $768,700 35% $256,226 – $640,600
37% Over $640,600 Over $768,700 37% Over $640,600
Brackets are marginal. Only dollars within each range are taxed at that rate. OBBBA made these 7 brackets permanent — no more sunset risk.
📈 Long-Term Capital Gains & Qualified Dividends
RateSingle Taxable IncomeMFJ Taxable Income
0% ≤ $49,450 ≤ $98,900
15% $49,451 – $545,500 $98,901 – ~$614,000
20% Over $545,500 Over ~$614,000
+3.8% NIIT on investment income for MAGI over $200K (single) / $250K (MFJ). Short-term gains taxed as ordinary income. 0% bracket = powerful rebalancing/harvesting window.
📋 Standard Deductions & Key Amounts
Single$16,100
Married Filing Jointly$32,200
Head of Household$24,150
Add'l deduction, age 65+ (single)+$2,050
Add'l deduction, age 65+ (MFJ, per spouse)+$1,650
OBBBA Senior Deduction (65+, 2025–2028) +$6,000 / $12,000
Senior deduction phases out 6¢/$ above $75K (single) / $150K (MFJ) MAGI. Personal exemption: $0 (permanent).
🏛️ Social Security Benefit Taxation
Provisional Income = AGI + Tax-Exempt Interest + 50% of SS Benefits
% of Benefits TaxableSingle PIMFJ PI
0% taxable Below $25,000 Below $32,000
Up to 50% taxable $25,000 – $34,000 $32,000 – $44,000
Up to 85% taxable Over $34,000 Over $44,000
Maximum 85% of SS benefits ever taxable federally. Thresholds not adjusted for inflation. Most retirees with pensions/RMDs hit 85%. Ohio exempts SS entirely.
🏡 Gift, Estate & Charitable Giving
Annual gift exclusion (per recipient)$19,000
Annual gift to non-citizen spouse$194,000
Federal estate/lifetime gift exemption$15,000,000
Married couple (combined)$30,000,000
QCD limit (age 70½+, per person)$111,000
QCD one-time split-interest gift$55,500
QCDs count toward RMD, bypass AGI, and reduce provisional income for SS & IRMAA. Estate exemption now permanent under OBBBA.
MPM Wealth Advisors  ·  Plan. Invest. Thrive.  ·  For internal advisor use only Page 1 of 3  ·  Sources: IRS Rev. Proc. 2025-32; CMS 2026 Medicare; IRS Notice 2025-67
MPM Wealth Advisors  ·  2026 Tax Quick Reference Retirement Savings & Medicare
💰 2026 Retirement Contribution Limits
401(k) / 403(b) / 457
Employee deferral$24,500
Catch-up (age 50–59, 64+)+$8,000
Super catch-up (age 60–63) +$11,250
Total (age 50–59, 64+)$32,500
Total (age 60–63)$35,750
Overall limit (§415, all sources)$72,000
Compensation limit$360,000
Traditional & Roth IRA
Annual contribution limit$7,500
Catch-up (age 50+)+$1,100
Total (age 50+)$8,600
Traditional IRA deduct. phaseout
Single (active participant)$81K–$91K
MFJ (contributor active)$129K–$149K
MFJ (spouse active, contributor not)$242K–$252K
Roth IRA & Self-Employed
Roth IRA phaseout
Single / HOH$153K–$168K
Married Filing Jointly$242K–$252K
Self-Employed Plans
SEP-IRA (25% comp or)$72,000
SIMPLE IRA (employee)$17,000
SIMPLE catch-up (50+)+$3,500
SS Wage Base$184,500
SECURE 2.0 Roth Catch-Up Rule (2026): Employees with FICA wages over $150,000 in the prior year must make all catch-up contributions as Roth (after-tax). Verify payroll systems are compliant.
🏥 HSA, FSA & HDHP Limits
Account / Item2026 Limit
HSA — individual coverage$4,400
HSA — family coverage$8,750
HSA catch-up (age 55+)+$1,000
HDHP minimum deductible (individual)$1,700
HDHP minimum deductible (family)$3,400
Health FSA (employer plan)$3,400
FSA carryover maximum$680
Dependent care FSA$5,000
HSA triple tax advantage: pre-tax in, tax-free growth, tax-free out for medical. After 65, withdrawals for any purpose at ordinary income rates (like IRA).
📅 Required Minimum Distribution (RMD) Ages
Birth YearRMD Begins at Age
Before July 1, 194970½ (already in RMDs)
July 1, 1949 – Dec 31, 195072
Jan 1, 1951 – Dec 31, 195973
Jan 1, 1960 and later75
First RMD deadline (Year 1)April 1 following RMD age year
Subsequent RMDsDec 31 each year
Inherited IRA (non-EDB)10-year rule applies
Roth 401(k) RMDsEliminated (2024+)
QCDs can satisfy RMDs and reduce AGI. Age 70½+ can QCD up to $111,000 even if RMD age hasn't been reached.
🏥 2026 IRMAA — Medicare Income-Related Monthly Adjustment (Based on 2024 MAGI)
Tier Single 2024 MAGI Married Filing Jointly 2024 MAGI Part B Total/Month Part B Surcharge Part D Surcharge/Mo
Standard ≤ $109,000 ≤ $218,000 $202.90 — —
Tier 1 $109,001 – $137,000 $218,001 – $274,000 $284.10 +$81.20 +$14.50
Tier 2 $137,001 – $165,000 $274,001 – $330,000 $390.90 +$188.00 +$37.60
Tier 3 $165,001 – $193,000 $330,001 – $386,000 $497.70 +$294.80 +$60.70
Tier 4 $193,001 – $500,000 $386,001 – $750,000 $604.50 +$401.60 +$83.80
Tier 5 Over $500,000 Over $750,000 $689.90 +$487.00 +$91.00
⚠️ Cliff Effect: $1 over a tier threshold triggers the full surcharge. A couple at Tier 1 vs. Standard pays ~$2,300/yr extra per person. Watch Roth conversions, capital gains realizations, RMDs.
Key planning levers: Roth conversions in pre-Medicare years (63–64 window), QCDs, tax-exempt bond interest counts toward MAGI. Appeal via SSA-44 for qualifying life events (retirement, divorce, death of spouse).
MPM Wealth Advisors  ·  Plan. Invest. Thrive.  ·  For internal advisor use only Page 2 of 3  ·  IRMAA based on 2024 MAGI per CMS / SSA announcement Nov 2025
MPM Wealth Advisors  ·  2026 Tax Quick Reference Ohio State Tax & Key Law Changes
🏛 Ohio State Income Tax — Tax Year 2026
2026 Ohio Tax Structure
Income up to $26,0500% (exempt)
Income over $26,050Flat 2.75%
2026: Ohio simplified to flat 2.75% (from prior 3-bracket system)
Business income (after $250K deduction)3.0% flat
Business income deduction (pass-through)$250,000
Local / municipal tax (Toledo area)~2.25%
Ohio Tax Benefits
Social Security benefitsFully exempt
529 deduction (single, per beneficiary)$4,000/yr
529 deduction (MFJ, per beneficiary) $8,000/yr
529 excess contributionsCarry forward
Retirement income credit (age 65+)Up to $200
Personal exemption credit$2,400/filer
Ohio 529 & Planning Notes
Ohio 529 planCollegeAdvantage
Earnings growthFederal & OH tax-free
Deduction limit indexed for inflationStarting 2026
5-year gift tax election (superfunding)$95,000 single
OH reciprocity statesIN, KY, MI, PA, WV
Pensions / IRA distributionsTaxable (OH)
Ohio 529 key advantage: MFJ couples now get $8,000 deduction per beneficiary — a family with 2 children can deduct $16,000. Excess contributions carry forward indefinitely. No Ohio tax on 529 earnings or qualifying withdrawals.
⚖️ Key 2026 Law Changes (OBBBA / SECURE 2.0)
● TCJA brackets permanent. Seven federal brackets (10–37%) with no expiration. No sunset risk.
● Senior deduction. Extra $6K (single) / $12K (MFJ) for taxpayers 65+, 2025–2028. Phases out above $75K/$150K MAGI.
● Estate exemption permanent. $15M/person (OBBBA); indexed for inflation going forward. Portability still available.
● QBI deduction permanent. 20% pass-through deduction continues for qualified business income; new phase-in thresholds.
● Roth catch-up mandate. High earners (FICA wages >$150K) must make 401(k) catch-ups as Roth starting 2026.
● Tips & overtime deduction. New above-the-line deduction available for tip and overtime income under OBBBA.
● Super catch-up (60–63). SECURE 2.0 allows $11,250 catch-up vs. standard $8,000 for this age band.
● Roth RMD elimination. Roth 401(k) accounts no longer subject to RMDs during the owner's lifetime (started 2024).
⚡ AMT Exemptions 2026
AMT exemption — single$90,100
AMT exemption — MFJ$140,200
Phaseout begins — single$500,000
Phaseout begins — MFJ$1,000,000
AMT rate (excess AMTI)26% / 28%
📌 Other Key 2026 Numbers
Charitable deduction non-itemizers$1K / $2K MFJ
Qualified transportation / parking (mo)$340
Kiddie tax threshold$2,700 unearned inc.
SALT deduction cap (2026)See OBBBA update
Social Security COLA 2026+2.5%
Medicare Part A deductible (2026)$1,676/benefit period
💡 Advisor Planning Triggers
IRMAA cliff approaching?QCD, Roth pullback, MAGI manage
Client in 0% LTCG window?Harvest gains / rebalance now
Age 60–63 with catch-up room?Max $35,750 into 401(k)
Pre-Medicare Roth conversion?Watch age 63–64 window
Ohio client with 529 plan?$8K/beneficiary deduction (MFJ)
MPM Wealth Advisors  ·  Plan. Invest. Thrive.  ·  For internal advisor use only  ·  mpmwealth.com Page 3 of 3  ·  Updated May 2026  ·  Confirm current figures with IRS.gov or tax counsel before client advice