Time to Revisit Your Tax Situation

It’s hard to believe, but we are already halfway through the year. While taxes might be the last thing on your mind in the middle of summer, now is a good time to take a look at your tax situation and make changes if needed.

If your 2025 tax return yielded unwelcome results (either too much money owed or too much money refunded back to you), you should consider changing your payroll withholding. Complete and submit a new Form W-4 and applicable state withholding form to your payroll provider to change your withholding. If PPG Partners does your tax planning, please talk to us if you’d like to make a change that we are not aware of. You can find current withholding forms here.

You may also want to review how much you would like to contribute to retirement savings this year. As a  reminder, the 2026 401(k)/Roth Employee Deferral Limit is $24,500; the 2026 SIMPLE 401(k) Employee Deferral Limit is $17,000; and the 2026 IRA Contribution Limit is $7,500. There are special rules for catch-up contributions based on age and wages earned. You can view all the 2026 retirement and cafeteria limits at: ppgpartners.net/news/retirement-cafeteria-limits-2026.