Entries by judd

Benefits of the 45L Tax Credit

The 45L tax credit has been available to eligible contractors since 2006. However, this energy-efficient incentive is still under-publicized and thus under-utilized among affordable housing developers, contractors, investors, and builders. The credit can deliver some significant benefits, including an increase in housing equity, a cost-offset for the purchase of energy-efficient building materials and an increased marketability […]

179D News – Tax Deduction Extended in 2016

News for the 179D Deduction in 2016 01/2016 –  “Protecting Americans from Tax Hikes Act of 2015” (PATH Act) has been passed by the House and Senate which was signed into law on December 18, 2015. The bill expanded the Section 179 deduction limit to $500,000. The Section 179 Deduction is finally permanent at the $500,000 level until further notice. […]

Common Questions about Federal Energy Tax Deduction

The Energy Efficient tax deduction IRS 179D has been one of the most important energy saving and environmentally friendly IRS rulings in a long time. The tax deduction is designed to ensure that commercial building owners who comply with the efficient energy requirements are rewarded for their hard work. Here is a list of some […]

3 Steps to Help Clients Understand Energy Tax Deductions

Section 179D represents an opportunity for commercial real estate owners to convert their property into a tool for tax deduction. This section of the IRS rules and regulations is aimed at encouraging energy efficient construction and improvements to commercial buildings and residential building of 4 stories or more. Now, while some clients may be content […]

What Can Make Your Property Qualify under Section 179D

As the years have passed, Congress and the U.S. Government have taken a number of steps that promote green construction and energy usage. Over the last few years, this has been done primarily through legislations and provisions designed to benefit people investing in green technology and lower the energy consumption of their properties. One of […]

Key Factors That Meet The Energy Efficient Home Requirements

The use of the new tax credit 45L has seen a surge, as the world wakes up to the needs of the environment. People have also began to realize the benefits of green construction and green homes. Just how do you get your hands on the $2,000 Tax Credit under section 45L? This is a […]

Why Energy Tax Deductions are Important for You

When an attorney is in their very first year at law school, they have yet to come in contact with the world of taxation. When they are taught taxation, the first message conveyed by professors is that any person who is a taxpayer will want to take advantage of every lawful tax deduction and credit […]

What are the Benefits of using 45L?

The use of section 45L has often been made rather sparingly. This is largely down to the lack of information available to people about the tax credits that are available for home builders. Section 45L is a tax incentive given by the federal government to builders of energy-efficient homes. This provision promotes green construction and […]

Quick Facts about Section 179D

Section 179D of the IRS Tax Code is one of the most interesting and surprisingly underused tax deductions available. The best part about 179D is its actual requirements. Your qualifying building will have a lower operational cost as a result of meeting the 179D standard. So why are most people not making use of this […]

Section 179D: Energy-Efficient Commercial Building Deduction

It is estimated that only 10 percent of qualifying projects take advantage of the 179D deduction. The Commercial Building Deduction, a part of the 2005 Energy Policy Act, encourages owners of commercial buildings reduce their energy consumption with a tax incentive which in turns also reduces building energy costs. How 179D Works Owners of commercial […]