Deloitte Names New Deputy Managing Principal of Tax Policy

- Before joining Deloitte, Mark Roman served as the Republican Staff Director for the U.S. House Ways and Means Committee, the chief tax-writing committee in the House of Representatives. He moved to that role in January 2023, following Representative Jason Smith (R-Mo.) from the House Budget Committee. - His new role is within Deloitte's Washington National Tax (WNT) practice, a specialized group that advises multinational corporations, financial institutions, and asset managers on complex tax matters and the implications of federal tax legislation. - Roman's transition from a key congressional committee to a major private sector tax advisory role is a well-established career path in Washington, D.C., where deep knowledge of the legislative process is a valuable asset. His successor as the committee's staff director is Matt Meyer, formerly Rep. Smith's chief of staff. - This move comes as high-net-worth individuals and corporations closely watch significant tax law changes scheduled for 2026. A key change is the permanent increase of the federal estate and gift tax exemption to $15 million per person, or $30 million for married couples. - Another critical 2026 development for wealthy clients is the increase in the cap on State and Local Tax (SALT) deductions, which will rise from $10,000 to $40,400, though this is subject to income-based phase-outs. - High-income earners also face new retirement plan rules in 2026, which will mandate that any 401(k) catch-up contributions for those earning above $150,000 must be made on a Roth (after-tax) basis.