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The IRS's first 2026 get-ready notice is mostly about paperwork and direct deposit, but for high earners the run-up to January 1 also means a last chance to use several rules before they tighten under the new tax law.
The new deduction limit loses 30 cents for every dollar of income above $500,000, and a faster AMT exemption phaseout from 2026 adds pressure on high earners in high-tax states.
Paychecks and year-end forms will not reflect the July tax law this year, leaving high earners to square up a larger SALT deduction and other changes through estimates and their 2025 returns.
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