06/11/2026
Tax & HOA Update for Families, Small Businesses, and Community Associations!
There are several important developments that may affect many families and HOA communities over the next year:
New "Trump Accounts" for Children
New federally authorized investment accounts for children are expected to provide a one-time $1,000 government contribution, along with potential tax advantages designed to encourage long-term savings and investing. Families may want to learn more about whether these accounts could benefit their children or grandchildren.
Potential Changes to Charitable Contribution Rules
Significant tax law changes affecting charitable contributions are expected to take effect in 2026. Individuals and businesses who regularly support charities may want to begin planning to maximize available tax benefits.
Florida HOA Reserve and Budgeting Requirements
Florida HOAs continues to navigate major changes involving reserve studies, reserve funding requirements, budgeting procedures, and related financial reporting considerations. These changes affect not only board members but all association members, as they directly impact long-term financial planning and fiduciary responsibilities.
To help our local HOA communities better understand these requirements, we are planning to offer educational sessions later this year. We'll share additional details as they become available.
Our goal is simple: keep our community informed about important tax, accounting, and financial developments that may affect families, businesses, and associations.
Stay informed, ask questions, and plan ahead!
