Key Energy Tax Credits Are Expiring

Key Energy Tax Credits Are Expiring

Expiring Credits and Deductions Energy efficient home improvement credit (Section 25C) will not be allowed for any property placed in service after December 31, 2025 Residential clean energy credit (Section 25D) will not be allowed for any expenditures made after...
Update on the Electric Vehicle Federal Tax Credit

Update on the Electric Vehicle Federal Tax Credit

As of Tuesday, April 18, the amount of electric cars (EVs) that are eligible for the full $7,500 federal tax credit will be significantly decreased due to tougher battery-sourcing restrictions. The US Treasury Department has produced a list of electric and plug-in...
Five Overlooked Tax Breaks for Individuals

Five Overlooked Tax Breaks for Individuals

Are you unsure of what credits and deductions you may claim on your 2023 tax return? You’re not the only one!  With tax legislation getting increasingly convoluted by the year, it’s difficult to remember which tax incentives are available each year. Keeping this in...