2026 Tax Changes: Significant News Regarding Auto Deductions, Educators, and Military Families
As we head into 2026, we want to share key changes that could impact your bottom line. Whether you're using an auto for business, medical or charitable purposes, teaching in the classroom, or serving our country, these updates deserve your attention. Let's break down...
New Under OBBBA: Expanded HSA Eligibility and Adoption Credits
Good news for taxpayers! The One Big Beautiful Bill Act (OBBBA) has introduced significant improvements to Health Savings Account (HSA) eligibility and adoption tax benefits. These changes allow more people to qualify for HSA contributions and make adoption more...
2026 Retirement Contribution Limits: What You Need to Know
The IRS has announced the annual cost-of-living adjustments to retirement contribution limits for 2026. While these increases are modest, they provide additional opportunities for retirement savers to set aside funds for their future.401(k) Contribution Limits...
What the Government Shutdown Means for Your Taxes
With the current government shutdown affecting IRS operations, many taxpayers are wondering how this impacts their interactions with the agency. Rest assured, our team at Nichols & Company continues to serve clients without interruption and is here to help you through...