1.27.2026 | Issue 215

You'll find links to the Alerts and Useful Info we've posted on our website, which includes time-sensitive information and any other issues that might impact you or your business, as well as any news from around our office.

If You Suffered a Disaster, You May Be Eligible for a Casualty Loss Tax Deduction

Every year, severe storms, flooding, wildfires, and other disasters affect millions of taxpayers. Many experience casualty losses from damage to their homes or personal property. The One Big Beautiful Bill Act (OBBBA), signed into law last year, generally made permanent the Tax Cuts and Jobs Act (TCJA) limitation on the personal casualty loss tax deduction. But it also expanded the deduction in one way.

Important 2026 Tax Figures for Businesses

More Individuals With Disabilities Will Be Eligible for Tax-Advantaged ABLE Accounts in 2026

Changes to Charitable Donation Deductions Are on the Horizon

Happy Anniversary!

On January 6th, we celebrated Harry Nardi's and Sophie Gerhart’s 1st anniversary with SCG! Harry and Sophie are staff accountants working in our Tax and A&A Departments. They started their careers with SCG as interns during the summer of 2023 and worked part time during the summer of 2024.

On January 7th, we celebrated Tara Bolinski's 7th anniversary with SCG!

Tara is a Certified Trust and Financial Advisor and is a Senior Trust Administrator in our Trust Department.

On January 9th, we celebrated Bob Smith's 14th anniversary with SCG!

Bob is our Tax Services Managing Director and a Shareholder of SCG. He has over four decades of experience providing tax, accounting, and consulting services to a variety of clients.

We thank them for their continued hard work, loyalty, and dedication to SCG!

Welcome to the Team!

We are growing! Are you (or someone you know) ready to take the next step in your (their) career? Check out our current openings:

www.santoracpagroup.com | 302.737.6200