IRS Extends Tax Changes That Help Individuals and Businesses Give to Charity in 2021
In 2020 lawmakers put in place several provisions that allowed for additional tax benefits for individuals and businesses making charitable donations. As in 2020, the following tax benefits are in place: • Taxpayers who do not itemize can claim a deduction of up to...
We are looking for great people to join N&Co!
We love working really hard for our clients all year long, but especially during the 14-weeks of tax season! We are currently hiring for a variety of job positions within in the firm–some are for tax season & some are year-round. If you or someone you know...
Federal Student Loan Rates Drop to Record Lows for 2020-2021
Great news for college students! Federal student loan rates for the 2020-21 school year have dropped to the lowest point ever: 2.75% for both subsidized and unsubsidized undergraduate loans. Please see this chart for additional details. Thank you, Dave Lundregan at...
Economic Impact Checks for Non-Filers: How to Provide Your Current Information to the IRS
At Nichols & Company, we know many of you are assisting elderly parents or grandparents right now. In an effort to support you, we wanted to share that the IRS has launched a new tool to assist non-filers in registering their current information for their Economic...