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Optima Newsletter-January

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2026 Tax Changes: What You Need to Know 

The 2026 tax year brings a mix of inflation-based adjustments and structural reforms that will affect how much many Americans owe or save when they file their returns in 2027. Driven largely by routine IRS indexing and major provisions from the One Big Beautiful Bill Act (OBBBA), these updates touch nearly every area of the tax code, from income tax brackets and standard deductions to senior benefits, health savings accounts, and long-term savings for children. 

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2026 Tax Season Predictions and Key Trends

Tax season is almost here! Do you know what to expect this year? CEO David King and Chief Tax Officer & Lead Tax Attorney Philip Hwang cover the trends shaping the year ahead, including total filings, refunds, non-filer taxes, and IRS collections, helping taxpayers stay informed and prepared.

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Cryptocurrency Taxes Explained: What You Need to Know 

Cryptocurrency taxes are no longer a niche concern. As digital assets like Bitcoin, Ethereum, and stablecoins have become mainstream investments and payment tools, the IRS has made crypto tax compliance a priority. Taxpayers who ignore crypto activity, intentionally or not, can face penalties, audits, and interest.

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Does Bankruptcy Clear Tax Debt? 

This in-depth guide explains when bankruptcy clears tax debt, when it doesn’t, how different chapters treat IRS obligations, how tax liens are handled, and which alternatives may work better for resolving tax burdens. 

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