$1 over this line costs married retirees $2,200 a year

📅 Book a complimentary meeting: https://calendly.com/rscappaticci-red... Contact: 📞 (619) 704-0140 | ✉️ rscappaticci@red7wm.com 2026 tax brackets, deductions, and the retirement numbers that matter, all on one page. If you're retired or close to it, a few of these lines quietly decide how much tax you pay, and most people never look at them. In this video, Rosario Scappaticci, MBA, of Red Seven Wealth Management walks through the 2026 federal tax table line by line: how marginal brackets really work, the new senior deduction for people 65+, the 0% long-term capital gains bracket, Social Security taxation, the Medicare IRMAA "cliff," and your first required minimum distribution. CHAPTERS 0:00 Why taxes feel random (even to an astrophysicist) 0:44 The 7 brackets & what "marginal" really means 1:04 2026 brackets: married filing jointly 1:32 2026 brackets: single filers 1:46 Same $100K income, very different tax bill 2:18 The 2026 standard deduction 2:56 Standard vs. itemized deductions 3:22 Over 65: extra deduction + new $6,000 senior deduction 4:10 Long-term capital gains & the 0% bracket 5:06 The 3.8% net investment income tax 5:32 2026 401(k) limits & the age 60–63 catch-up 5:58 IRA limits, Roth phase-outs & the backdoor Roth 6:38 Social Security: max benefit & working before 67 7:24 When Social Security becomes taxable 7:48 Medicare IRMAA: the $1 cliff 8:30 RMDs: the divisor table 8:50 Your first RMD on $1 million 9:08 Key takeaways KEY 2026 NUMBERS IN THIS VIDEO • Standard deduction: $32,200 married / $16,100 single / $24,150 head of household • Senior deduction (65+): up to $6,000 per person, phasing out above $75K single / $150K joint • 0% long-term capital gains: up to ~$98,900 taxable income (married) • 401(k): $24,500 + $8,000 catch-up (50+) or $11,250 (ages 60–63) • Medicare Part B: $202.90/month standard; IRMAA starts above $109K single / $218K joint ABOUT RED SEVEN WEALTH MANAGEMENT Red Seven is an SEC-registered investment adviser in Escondido, California, helping families in San Diego County plan for retirement, taxes, and what comes after. DISCLOSURE Red Seven Wealth Management is a registered investment adviser located in Escondido, California. This video is for educational purposes only and is not individualized tax, legal, or investment advice. 2026 figures are based on IRS, SSA, and CMS data and are subject to change; examples are hypothetical and for illustration only. Consult a qualified tax professional before acting on any strategy discussed. #TaxBrackets #RetirementPlanning #2026Taxes