Richmond Event: Create Your Extraordinary Life
I’m excited to announce that Alan and Katie Donegan and I are hosting an event right in my backyard in February:
Extraordinary Richmond 2026 Event: Create Your Extraordinary Life
February 14-16, 2026 (with an optional social Friday night 2/13)
I’ve seen them run prior versions of this workshop in Las Vegas and Bali and I believe this is truly life-changing and I cannot recommend it highly enough.
I’ll also be recording a live ChooseFI Podcast at the event and there’s going to be lots of time to hang out and get to know your fellow FI Community members.
It’s in an incredible walkable community with everything within a short walk. You will not need a car once you get on-site, so it should have a real close-knit feel.
The event hotel is 1 minute from the workshop, plus there’s a Trader Joe’s, Whole Foods, 10+ restaurants, a coffee shop, best gym in town, etc., etc. right here in the community.
The event is limited to 100 people and since there are only 34 left after they sent it out to the Extraordinary Events email list yesterday, I suspect they will sell out quickly today.
Check out the link above and even if you can’t make it, join the email list and get notified early for our next event.
2026 IRS Tax Brackets
The IRS just released the new tax brackets and standard deduction info for 2026 and Cody Garrett was kind enough to summarize it all in an easy to read table for our community:
2026 Federal Income Tax Details
Of note: The Standard Deduction 2026: $16,100 for single filers and $32,200 for married filing jointly.
For additional info see the IRS article here.
Long-Term Cap Gains at 0% 2026 Updates:
Single filers pay 0% long-term capital gains rates on up to $49,450 of taxable income in 2026.
Married filing jointly filers pay 0% long-term capital gains rates on up to $98,900 of taxable income in 2026.
Capital Gains Harvesting is a powerful concept that Cody Garrett and I discussed in-depth in Episode 517. This is truly essential information and you must go back and listen to that episode.
You pay a 0% Long-Term Capital Gains (LTCG) tax rate on long-term capital gains when your taxable income (inclusive of the Long-Term Capital Gains) is up to:
$98,900 for married filing jointly and $49,450 for single taxpayers and you pay $0 in tax on those LTCG.
Since this is taxable income, it is actually after the standard deduction is applied, so your reported income could be significantly higher (again, the Standard Deduction 2026 is $16,100 for single filers and $32,200 for married filing joint filers).
Let’s use an example of a married couple in 2026:
They earn: $32,200 of W-2 wages that year.
They sold stocks with a current market value of: $305,000 but that they bought (“basis” of) originally for $206,100. This means they will report a LTCG on their tax return of $98,900.
Incredibly, all this income and LTCG will amount to $0 of federal tax liability.
Tax return would look like:
$32,200 wages + $98,900 LTCG – $32,200 standard deduction = $98,900 taxable income
The entire $98,900 LTCG would be $0 of tax with the 0% preferential rate.