Tax credits

The confluence of generative AI's boundless potential and the strategic application of the R&D tax credit can be a game-changer for businesses willing to lean into innovation.

The Treasury Department and the Internal Revenue Service released prevailing wage and registered apprenticeship requirements for clean energy projects and jobs to qualify for tax credits under the Inflation Reduction Act.

The proposed rules on the Clean Electricity Production Credit and the Clean Electricity Investment Credit aim to spur renewable energy development.

The Internal Revenue Service is accepting applications for the Low-Income Communities Bonus Credit Program through June 27.

The Internal Revenue Service cautioned consumers to beware of inaccurate advice which prompted thousands of taxpayers to file overblown claims and held up their refunds.

The Internal Revenue Service and the Treasury Department plan to issue regulations on the interplay between foreign tax credits, dual consolidated losses and OECD rules.

Plus, Estateably touts new accounting tools for estate planning; and other accounting tech news and updates.

The Biden administration gave carmakers a partial reprieve in finalizing electric-vehicle tax credit rules intended to loosen China's grip on battery materials crucial to the car industry's future.

The Treasury released guidance on the tax credit available for producers of sustainable aviation fuel, a measure established as part of Biden's landmark climate law.

The Treasury will unveil the final version of new rules limiting a popular tax credit for electric car buyers as soon as Friday.