Tag: How To

How to Claim the 45L Energy-Efficient Home Tax Credit

If you are a builder, owner or developer of a residential home or apartment building, you may be a candidate to earn tax credits for energy efficiency. The 45L tax credit for energy-efficient homes provides $2,000 per unit for owner-occupied or rental dwelling buildings that meet certain qualifications. However, these valuable credits are often overlooked

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How to Qualify for the 179D Energy-Efficient Building Tax Deduction

The 179D Energy Policy Act certification calculates the tax deduction achieved from the installation of energy-efficient assets, including HVAC, building envelope and lighting. The building may qualify for up to $1.80 per square foot for commercial building and residential structures that are at least four stories. The deduction includes both new construction and improvements of

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R&D Tax Credit for Architects: How Can You Benefit?

Federal research and development (R&D) tax credits have been available to businesses for more than three decades. However, many architects simply don’t realize the tax credits are available to them or don’t understand which activities qualify. While the Tax Cuts and Jobs Act made many changes to our tax code, it retained the current permanency

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How Can You Benefit From Bonus Depreciation?

If you are a property owner, then you can benefit from bonus depreciation. Bonus depreciation is eligible on qualifying property with a class-life of 20 years or less. What is Bonus Depreciation? Bonus depreciation is a tax incentive that allows a business to immediately deduct a large percentage of the purchase price of eligible business

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How Trump Uses the Tax Code and How You Should Too

A couple of weeks ago, The New York Times published an article explaining the tax breaks that Donald Trump is able to enjoy that typical homeowners simply can not. Please note: This article is not intended to be a political discussion. It is solely intended to bring awareness to the many tax incentives available for

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