IRS Releases 2021 Standard Mileage Rates

IRS Releases 2021 Standard Mileage Rates

The Internal Revenue Service today issued the 2021 optional standard mileage rates used to calculate the deductible costs of operating an automobile for business, charitable, medical or moving purposes.   Beginning on January 1, 2021, the standard mileage rates for...
Reminder: Social Security Benefits May Be Taxable

Reminder: Social Security Benefits May Be Taxable

Up to 50% or more of a taxpayer’s Social Security benefits may be taxable, depending on annual income. If you’d like to find out more about the details of the taxable portion of your benefits, please see this IRS brief. Please know N&Co always takes these formulas...