A New Way to Connect
Happy New Year! As we rock into 2026, I wanted to send this first note of the year to introduce a new way for us to stay connected.
I’m starting a client email campaign this year with a simple goal: to provide you with helpful educational content and timely reminders that keep your financial plan on track. For now, you’ll be hearing from me every other month, although if the mood strikes me, it may be more frequent.
My main focus is to make sure you feel confident and in control of the things you can actually control, especially as you continue to manage many of the moving pieces yourself.
January’s Action Plan: Prep Now for a Smoother Tax Season
Since January marks the beginning of tax season, I want to share some things to start thinking about that will help make filing smoother and highlight where my professional insight can help your efforts the most.
The Documentation Dive.
Action: Create one dedicated digital folder right now for all 2025 tax documents (W-2s, 1099s, etc.).
My Insight: Simple organization is half the battle for a successful tax filing. Getting documents into one place immediately prevents a last-minute scramble and ensures you don't miss anything important. If you have a professional tax preparer, get your documents to them as soon as possible.
The Prior Year Contribution.
Action: Remember, you generally have until the federal income tax filing deadline to contribute to a Health Savings Account and/or IRA/Roth IRA for the previous year (if you meet the eligibility requirements).
My Insight: Sometimes we don’t know if we are eligible for certain contributions until the year is over, which is why the prior year contribution can be a valuable strategy. Your tax preparer (or software for you DIYers) may be able to model potential tax savings if you meet the eligibility requirements.
The New Rule Reality Check: The Standard Deduction
Action: NEW FOR 2025: If you were at least 65 by 12/31/25, you may be eligible to take an additional deduction up to $6,000 (subject to phaseout limits) per taxpayer whether you itemize deductions or take the standard deduction.
My Insight: Taxes change every year, and navigating those shifts is a core part of the planning value I provide. If you’re wondering whether itemizing or taking the standard deduction is better for you, we can work with your tax preparer for guidance in this area.
On a personal note: As a planner, I try my best to practice what I preach. When I approach my own taxes, I think less about the forms and more about the year-round strategy, making sure my contributions are maximized and my documentation is ready. Even for an experienced filer, having that strategic framework makes a ton of sense.
When the forms DO start rolling in, I deal with them within 24 hours. “Oh, what’s that, Fidelity? My consolidated 1099 is ready?” Boom, I’m logging in and downloading a copy to my tax folder so it’s there when I start my tax return.
My Availability: Your Open Invitation
While I’ll be sending these messages periodically, please know my door is always open. Let me know what topics you want to hear about, and I’ll do my best to focus on those.
You don’t need to wait for a scheduled annual review or a crisis to get in touch. If you ever have a tough question, need a quick gut-check on a strategy you're considering, or simply want to review how a new life event impacts your plan, please don't hesitate to schedule time with me.
I’m here to support your goals and make sure your DIY efforts are anchored to a strong plan. (Remember to consult with a qualified tax preparer for specific advice on your tax returns.)
I look forward to a successful 2026!
Onward,
Krystal
PS: What am I reading?