Tax credits

The list of potential roadblocks is relatively short — and just got shorter.

The Inflation Reduction Act introduced new requirements to receive larger credit amounts for many of the extended and new clean energy credit and deduction provisions.

The Inflation Reduction Act heavily modified the Section 179D Energy Efficient Commercial Building Deduction and the Section 45L Energy Efficient Home Credit.

The service released a set of FAQs about recent changes to tax incentives for energy efficient home improvements and residential clean energy property.

Chances are dimming that Congress will take up a multibillion-dollar package to renew a cluster of business tax breaks and provide a more generous child tax credit before lawmakers leave Washington for the year.

Senator Joe Manchin is pressing Treasury Secretary Janet Yellen to stand firm on North American-based manufacturing requirements for lucrative electric-vehicle tax credits.

A new revenue procedure explains the processes that manufacturers and sellers need to follow to be eligible for tax credits.

On taxes, the fate of research and development and private equity tax breaks remain mired in a dispute over expanding the child tax credit.

Officials discussed IRA provisions including tax credits for both commercial and electric vehicles, critical raw materials and the supply chain.

The Internal Revenue Service and the Treasury issued a notice on labor requirements for enhanced tax benefits under the Inflation Reduction Act.