McMill CPAs and Advisors ClientLine Newsletter

McMill Building

125 S. 4th Street

Norfolk, NE 68701

Phone: 402-371-1160

Toll Free: 800-694-1160

Website: www.mcmill.info

November 2026

Lower Your Tax Bill For 2027

Thanks to the One Big Beautiful Bill Act (OBBBA), 2027 planning can largely follow your 2026 tax plan, with a few adjustments and timely options.

Trim Holiday Spending

The holidays haven't arrived, but now's the time to set a budget and stick to it. Here's how.

Year-End Tax-Saving Opportunities

As the year draws to a close, it's time to maximize your 2026 tax deductions and other planning opportunities — including turning investment losses into a tax benefit through tax-loss harvesting. Here's a brief checklist of moves to help reduce your tax exposure.

Reasons to Leave Heirs a Roth IRA

A Roth IRA can be a powerful tool for passing wealth to heirs and strengthening their financial future. Here's why.

November 2026 Client Profile

Marcus owns a mid-size HVAC installation company that had a strong 2026, generating $850,000 in adjusted gross income (AGI). As the year winds down, his advisor helps him plan a $40,000 charitable gift to a local trade-school scholarship fund.

The Generosity of the Season

As November ushers in a season of gratitude, it also marks the year's biggest stretch for charitable giving. Americans gave a record $617.2 billion to charity in 2025, up 5.7% from the year before — the first time giving has topped $600 billion, with every major giving source on the rise.

Plan For a Cash-Only Holiday

Do you often pay off credit card debt long after the holidays? Spending is hard to control this time of year — cash beats credit. Here are a few tips.

November 2026 Q & A

Let's talk about an irrevocable trust and if it could benefit you.

How Collectibles Are Taxed

Most collectors buy items — art, antiques, stamps, coins, classic cars, and other tangible personal property — for the pleasure of owning and enjoying them. But you may reach a point where you want to sell a collectible to access the appreciation it has accumulated.

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