Tax credits

The service released information on how taxpayers can claim the energy efficient home improvement credit.

Basis Climate introduced a digital exchange where companies can buy and sell renewable energy tax credits like the kind offered under the Inflation Reduction Act.

With the IRS cracking down, knowing when and how clients can claim the credit — and when they can't — is critical.

Tax experts testified during a hearing about the Employee Retention Credit and the issues they and their clients are facing.

The Internal Revenue Service will be adding extra procedures to deter scammers who have been inundating the agency with bogus claims for the Employee Retention Credit.

The Treasury released partial guidance on supply-chain requirements that lets some vehicles qualify — but it hasn't yet clarified how to classify so-called foreign entities of concern.

The service has updated its systems to detect invalid claims for the Child and Dependent Care Credit and the EITC.

The service posted a fact sheet Friday on tax credits for renewable energy projects under the Inflation Reduction Act.

Two provisions from the Inflation Reduction Act are already having an impact on encouraging this kind of business in the U.S.

A top renewable power trade group endorsed rigorous requirements for a new hydrogen tax credit that would rule out the use of electricity from older wind, solar and nuclear facilities.