Tax credits

A group led by the actor Jon Voight is hoping to get legislation introduced in Congress that would create new federal tax incentives for film and TV production in the U.S.

The U.S. film and TV industry has lost jobs to overseas production hubs, which often feature lower-cost labor and more generous tax credits.

The Trump administration moved to further limit immigrants' access to the refundable portion of four tax credits aimed at aiding students, workers and families.

Proposed regulations would prohibit undocumented immigrants from receiving much of the money from refundable tax credits such as the EITC, CTC and AOTC.

The wide-ranging Taxpayer Assistance and Service Act includes a requirement for a new IRS office to educate businesses about child care tax breaks.

Companies claiming tax credits for carbon capture technology have been confronting heavy compliance requirements, prolonged waits and uncertainty.

The IRS and the Treasury issued guidance on the permanent extension of the employer tax credit for paid family and medical leave under the OBBBA.

The IRS's overall improper payment rate on refundable tax breaks increased from 21.9% in 2024 to 26.5% in 2025, totaling about $28.1 billion.

Parents of 51.7 million children now qualify for the new Education Freedom Tax Credit for scholarships, according to a new estimate released by its proponents.

Tax professionals can help companies with wind and solar projects after a recent court decision, as well as energy-efficient commercial building improvements.

A California business tax credit cap threatens to drive away film and television production, according to lawmakers who demanded a fix from Governor Gavin Newsom.

The federal scholarship tax credit is set to take effect on Jan. 1, 2027, with proposed regulations expected by the end of September.

For many taxpayers — especially those with variable, limited or short-term tax capacity — credit transferability provides a practical and effective solution.

Recent court cases and IRS actions are changing the litigation playbook for taxpayers appealing Employee Retention Credit claims that have been denied.

The Treasury Department offered a preview of upcoming guidance on a new federal scholarship tax credit that was included in the One Big Beautiful Bill Act.

The U.S. residential solar industry is cratering after President Donald Trump eliminated a key tax credit for homeowners to install solar panels last year.

AI and automation can streamline R&D work but cannot replace professional judgment or Circular 230 due diligence.

The IRS is continuing to challenge and audit claims for the Employee Retention Credit, extending the yearslong backlogs on processing the often dubious claims.

The Financial Accounting Standards Board decided to add several projects to its technical agenda.