How the Tax Cuts and Jobs Act Changed Itemizing in 2026

In this episode of The Tax Strategy Podcast, Lucas and Luna break down how the Tax Cuts and Jobs Act reshaped the standard deduction and itemized deductions for 2026. With the standard deduction nearly doubled, fewer taxpayers itemize, but for those who do, the rules for medical expenses, state and local taxes, and charitable gifts have shifted. They walk through a concrete example: a married couple with $30,000 in deductible expenses decides whether to itemize under the new thresholds. They also explain the impact of the SALT cap, the 60 percent cash contribution limit, and the phase-out of miscellaneous deductions. Tune in to learn which deductions still matter and how to decide if itemizing is worth the paperwork. #TaxCutsAndJobsAct #StandardDeduction2026 #ItemizedDeductions #SALTCap #MedicalExpenseDeduction #CharitableContributions #TaxPlanning #TaxStrategy #Finance #PersonalFinance #TaxSeason #IRS #FexingoBusiness #BusinessPodcast #Podcast #TaxTips #TaxDeductions #WealthManagement Keep every episode free: buymeacoffee.com/fexingo