WWC HOT DEAL: Navigating the 2026 OBBBA

Dear Fellow Chamber Members,


Navigating the 2026 OBBBA – Turning Tax Returns into Business Roadmaps
As we move through the 2026 tax season, the landscape for business owners and high-performing professionals has changed significantly due to the One Big Beautiful Bill Act (OBBBA).
At The Wealth Collective, our mission is to move taxpayers in the direction of excellence. We believe your numbers shouldn't just be a record of the past—they should be a guide for your future wealth.
Why the OBBBA Matters to Your Business and Family: The new legislation introduces several high-impact provisions that require proactive planning to maximize:

• The SALT Shift: For those itemizing, the State and Local Tax (SALT) deduction cap has increased to $40,400 for 2026.
• Support for Your Team: New deductions for Qualified Tips (up to $25k) and Qualified Overtime (up to $12.5k) are now available, providing a unique way to highlight the value of your employees' hard work on their own tax returns.
• Personal Use Vehicle Interest: If you purchased a new, USA-assembled vehicle for personal use, you may be eligible to deduct up to $10,000 in loan interest.
• The "Phase-Out" Warning: Many of these benefits begin to disappear once your Modified Adjusted Gross Income (MAGI) hits specific thresholds (e.g., $150,000 for tips/overtime).

Reactive vs. Proactive: A Tale of Two Strategies We recently published a deep-dive case study comparing "Reactive Rachel" and "Proactive Priya." By simply listening to what her numbers were telling her mid-year, Priya was able to adjust her strategies and save over $6,000 in taxes—money that stayed in her pocket rather than going to the IRS.
Exclusive Member Resource: We have prepared a 2026 OBBBA Strategy Map & Action Checklist specifically for our local business community. This guide will help you:

1. Identify your "Gatekeeper" numbers on Form 1040.
2. Calculate your Effective Tax Rate (your true strategy scorecard).
3. Navigate the new deduction cliffs before the filing deadline.

[Access the Full Member Briefing & Infographic in the Circle Community]
As a fellow Chamber member, I am committed to helping our local economy thrive by ensuring our business leaders keep more of what they earn.
Stay Wealthy,
Dimpy Gulati/ The Wealth Collective Team
 Moving You in the Direction of Excellence