Tax credits

It's vital to take a personalized approach to each business to understand their circumstances, help determine whether they're eligible for Disaster ERCs, and accurately calculate potential credits.

The proposed regs cover the advanced manufacturing credit in the CHIPS Act of 2022 to spur development of the U.S. semiconductor industry.

The administration is preparing to decide how much American-made equipment must be used in renewable projects.

The service is largely blaming third-party promoters, but it's putting some of the burden of fixing the problem on tax preparers.

Shady operators and questionable calculators make the Employee Retention Credit a risky area for practitioners.

The senator fired the latest salvo in a long-running dispute with the White House over implementation of Inflation Reduction Act provisions he authored.

A look at how filing season is going, five weeks in.

Since the beginning of this year, U.S. car buyers have been able to get a federal tax credit of up to $4,000 for the purchase of a used electric vehicle.

As smart as it is, artificial intelligence can't replace the judgment of individual accountants.

IRS algorithms in determining tax returns to audit, enforcement policy and resource constraints result in significant racial disparity in returns chosen for a tax audit.

The administration is relaunching a popular tax break for manufacturers of solar panels, wind turbines, fuel cells and other clean energy equipment.

The Biden administration will allow more crossover SUVs to qualify for the newly-revamped electric vehicle tax credit following lobbying by automakers such as General Motors Co. and Stellantis NV.

The West Virginia senator said the administration has "cherry picked" which of the new rules for electric vehicle tax breaks it wants to follow.

Practitioners are hoping for a more normal filing season.

GM is pushing the Treasury to change the definition of a sport utility vehicle and expand how many buyers can get electric-vehicle tax credits.

Some benefits actually expired and don't apply this year, and average tax refunds will probably be down as a result.

Senator Joe Manchin is pushing back against efforts to apply broad interpretations to a tax credit for electric vehicles that he largely wrote.

Sens. Ben Cardin, a Democrat, and Tim Scott, a Republican, introduced bipartisan legislation to offer tax credits for tips to beauty services providers.

One of the most anticipated tax extenders was a delay in the Section 174 amortization requirement. With the extenders not passing, many taxpayers are asking, "What now"?

The bill would provide tax relief to businesses that applied for the SBA's Restaurant Revitalization Fund, but didn't receive a grant because the program ran out of money.