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Tag Archives: clean energy tax credits

Tax Credits for Clean Vehicles Change in 2024 by Brendan Kurpis, CPA

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Posted on April 09, 2024 by Brendan Kurpis

Effective Jan. 1, 2024, it is easier for individuals to claim federal tax credits for the purchase of new electric, plug-in hybrid and fuel-cell electric vehicles, but there are fewer cars and trucks that qualify for the full $7,500 credit this year. The clean vehicle tax credit was amended in 2022 as part of the […]

Expanded Tax Credits Available to Qualifying Residential New Home Builders, Contractors by Adam Fisher, CPA

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Posted on February 07, 2024 by Adam Fisher

The Inflation Reduction Act of 2022 (IRA) amended Section 45L of the U.S. Tax Code by expanding the Energy Efficient Home (EEH) credit available to builders and other contractors that construct or substantially reconstruct new single-family homes and multifamily structures after Dec. 31, 2023, and on or before Dec. 31, 2032, that meet specific energy […]

Expanded Tax Credits Help Offset the Costs of Energy-Efficient Home Improvements by Rachel Kenney Rego, CPA

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Posted on June 08, 2023 by Rachel Kenney Rego

Upgrading your home’s energy efficiency can not only help the environment and reduce your electric bills, but it can also provide you with valuable tax credits to cover a portion of qualifying improvement expenses beginning in 2023. Energy Efficient Home Improvement Credits  Under the Inflation Reduction Act signed into law in 2022, homeowners may earn […]