Tax credits

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.

The administrative approach to R&D credits needs to shift away from the current once-a-year scramble within companies.

New York Governor Kathy Hochul is planning to participate in President Donald Trump's controversial federal school choice program.

One of the nation's largest solar installers filed for bankruptcy last month, citing the phaseout of federal tax credits and Trump's executive orders.

Rep. Kristen McDonald Rivet, introduced the Working Parents Tax Relief Act, which would give parents up to an additional $5,500 per child under the age of four.

The mayor is delaying the city's $127 billion budget as he pressures the state to limit a pass-through entity tax credit used by financial businesses.

The IRS announced a streamlined way for Employee Retention Credit claimants to extend the two-year deadline to file a refund suit after a claim disallowance.

The Internal Revenue Service is offering taxpayers a new option to request more time to review a disallowance of an Employee Retention Credit claim.

Small businesses that don't qualify for a payroll tax break are still receiving it, despite the IRS's efforts to stop them, according to a new report.