NEW! Inflation Reduction Act changes 179D building deduction
The Section 179D Energy Efficient Commercial Building Deduction provides a deduction of up to $1.88 per square foot for both building owners who construct new or renovate existing energy efficient buildings as well as designers of government-owned buildings. The Inflation Reduction Act of 2022 recently …
Inflation Reduction Act Doubles the R&D Tax Credit for Startups
The Inflation Reduction Act of 2022 will double the maximum R&D tax credit that a startup can take to reduce their payroll taxes from $250,000 to $500,000. Since the tax credit is taken against payroll taxes, even unprofitable startups can take advantage of this incentive …
