Tag: Tax Credits

tax credit vs tax deductions

Tax Credits vs. Tax Deductions: What’s the Difference and Why It Matters

Your path to financial wellness is laden with choices—some obvious, others nuanced. One such nuanced choice lies in understanding tax credits and tax deductions. Seemingly interchangeable but critically different, these are two tools in your financial toolkit that can significantly affect your bottom line. Failing to grasp these concepts could mean missing out on substantial

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smart building tax incentives

Smart Building Tax Incentives for Profitable Real Estate

In today’s tech-driven landscape, smart building technologies have quickly transitioned from luxurious extras to fundamental must-haves. These systems are revolutionizing the way we manage key functions like energy usage, lighting, climate and security, whether it’s in our living rooms or corporate offices. Of course, there’s the elephant in the room: initial costs. These advanced systems

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Real Estate Tax Credits

Harnessing 45L and LIHTCs for Real Estate Investment

Real estate investing can be an exciting yet complex venture. As an investor, staying up to date on the latest tax credits and incentives available to you is crucial for maximizing returns. Two tax credits on the radar of many real estate investors today are the 45L Energy-Efficient Home Tax Credit and the Low-Income Housing

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tax credits for biotech industry

How Tax Credits Fuel Biotech Breakthroughs

The world of biotechnology moves fast, with new discoveries and innovations happening every day. Driving this revolution are biotech companies, persistently pushing the boundaries of science to make breakthroughs. Yet, the high costs of equipment, lab testing and talent acquisition pose significant challenges for even the most well-funded startups.  So, how can biotech companies afford

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historic tax credit consultant

How a Historic Tax Credit Consultant Can Maximize Your Project’s ROI

The preservation of historic buildings plays a vital role in maintaining the architectural and cultural heritage of our communities. To encourage property owners and developers to invest in these projects, the government offers a variety of tax credits and incentives. However, navigating the complexities of these programs can be challenging. That’s where a historic tax

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The 5 Most Overlooked Tax Incentives Real Estate Investors Miss

Real estate investing can be complex, and investors certainly have plenty of details to keep track of. While there may be many things competing for your attention, it’s important not to overlook the potential tax benefits available for your property. Failing to claim certain tax credits and incentives can cause investors to miss out on

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possibilities

Possibilities Story: Sleepless in Salt Lake City

As the owner of an engineering firm in Salt Lake City, Utah, I’ve been concerned about the recent downturn in the economy—like a lot of people. The fact is, like many engineering firms, my company’s profit margins are thin. And because of a set of factors outside my control—namely inflation, the supply chain crunch, and

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low-income housing

Investors Should Link Low-Income Housing Tax Credits to a Cost Segregation Study for Maximum Savings

In recent years, commercial real estate owners and investors have learned a secret: they can greatly maximize their tax savings if they combine Low-Income Housing Tax Credits with a cost segregation study. The Low-Income Housing Tax Credit (LIHTC) is the federal government’s major tool for creating affordable housing. As a federal tax credit administered by

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misconceptions

Six misconceptions about claiming the R&D tax credit

The R&D tax credit can save firms thousands of dollars. AIA partner Engineered Tax Services explores the myths that might be holding you back from taking part. The Research & Development (R&D) tax credit is a permanent federal tax incentive meant to stimulate innovation, technical design, and manufacturing within the US. There is a common misperception that

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