Tax credits

ERC "mills" have come out of the woodwork to lure small business owners into taking a lucrative tax credit they don't qualify for. Here's what advisors need to know.

The Act provides higher deductions for meeting prevailing wage and apprenticeship requirements.

Will the average taxpayer qualify for a larger deduction or credit, or will their eligibility drop?

Taxpayers are concerned the extra $80 billion will lead to more tax audits.

The law includes tax credits for electric vehicles made in North America but the EU's concerns go beyond this sector.

A look inside some of the green energy and energy-efficiency provisions of the new legislation, and what they'll mean going forward.

The HR tech provider bought a fintech company that automates the research and development tax credit process for SMBs.

The Internal Revenue Service has been slow in processing employer tax credits and tax refunds that businesses were supposed to receive.

The proposed update aims to improve the accounting and disclosures for investments in tax credit structures.

To expand the affordability of energy-efficient vehicles for U.S. consumers, the law made changes to the tax credit for all-electric cars and hybrid plug-ins.

The research and development tax credit for startup businesses is going from $250,000 to $500,000 per year.

One of the world's richest men felt he had to give one of the nation's most powerful lawmakers a little pep talk.

The moment Biden signed the bill was effectively the starting gun for a race to write new policies to implement its clean energy tax credits, climate programs and environmental mandates.

The 45L tax credit expired at the end of 2021, leaving homebuilders waiting for its renewal.

The newly signed Inflation Reduction Act contains a wide range of provisions.

House Democrats delivered the final votes needed on a slimmed-down version of their tax, climate and drug price agenda.

Existing and expired energy efficiency tax incentives for commercial and multifamily building owners, investors, developers and homebuilders have been expanded significantly under the act.

After more than a year of stop-and-start negotiations, Democrats agreed to a narrow bill to invest in energy initiatives, curb drug prices and reduce the deficit, paid for by new corporate taxes.

President Joe Biden and Senate Majority Leader Chuck Schumer are the biggest winners now that a huge piece of Democrats' economic agenda is hurtling toward enactment.

Included in the $433 billion Inflation Reduction Act is a 10-year production tax credit for nuclear energy producers.