Is there really such a thing as a happy Tax Day?
For most people, not really. It is a day of reconning that us tax nerds call a triple witching day… The final bill for last year comes due, the first estimate for the current year is due and your retirement contributions generally need to be funded on that day for many plans.
While I’m not in the practice of public accounting any more, Tax Day still hits a special nerve in my ecosystem. As a recovering CPA you can’t erase those memories from your past.
Rolling the clock forward, however, I trust that this famous day held no surprises for you. We are hoping that your tax plan for last year turned out to be accurate, and ways to mitigate your 2026 taxes are already in progress. Even though some of the moves we may make on your behalf may not happen until later in the year… matters like tax loss harvesting or accelerating large purchases for your business, it is never too soon to plan. Remember this, some of the best tax moves may even include accelerating income or Roth conversions to take advantage of a lower bracket year. This type of planning may span into the intergenerational part of your plan where those in lower tax brackets can help mitigate the overall family tax burden.
I know that my friends in public accounting still celebrate this day widely and in a variety of ways. One of the most rewarding things that would occur is when clients would reach out to see how we were doing and thanking us for our dedication and work ethic. So, on that note, send some love to your CPA and be the one who reaches out to see how they are doing.
