[IMGCAP(1)]While Section 179D of the Tax Code expires at the end of 2013, opportunities exist in two areas: accelerating future projects into 2013 and reviewing projects dating back to Jan. 1, 2006 that resulted in energy savings.

Either of these can allow the building owner, occupant or designer to qualify for the deduction. Worried that 2013 will be the end of your ability to deduct energy improvement investments under Section 179D of the Internal Revenue Code? Fear not! While energy efficiency upgrades need to be completed by Dec. 31, 2013, the window for utilizing this deduction extends back to Jan. 1, 2006. As we head into tax season, it can be beneficial to review past energy projects and see if they may qualify for the Section 179D deductions.

Register or login for access to this item and much more

All Accounting Today content is archived after seven days.

Community members receive:
  • All recent and archived articles
  • Conference offers and updates
  • A full menu of enewsletter options
  • Web seminars, white papers, ebooks

Don't have an account? Register for Free Unlimited Access