December 27, 2022
Are you contemplating some significant improvements to your home? Whether it’s adding a pool to assist with a medical condition, finishing a basement or installing energy-saving equipment, you may be in line for generous tax breaks under current law. Here are… Read more »
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Adjustment to Basis, Four Tax Breaks for Home Improvements, home acquisition indebtedness, Home Improvements, Home Sale Gain Exclusion, Inflation Reduction Act, IRA, itemized deductions, Medically Necessary Improvements, Mortgage Interest Deductions, Residential Energy Credits, Tax Cuts and Jobs Act, Tax Savings, TCJA
August 31, 2022
Congress has passed the Inflation Reduction Act (IRA) and President Biden signed it into law on August 16. The $740 billion law contains many tax breaks and raises revenue through a new minimum tax on large, profitable corporations and an excise… Read more »
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15% Corporate Alternative Minimum Tax, Clean Vehicle Tax Credit, Commercial Vehicles, Congress has passed the Inflation Reduction Act (IRA), Corporate Stock Repurchases, Energy and Health Care, Energy Improvements, Excise Tax on Corporate Stock Repurchases, Increase in Qualified Small Business Payroll Tax Credit for Research, Inflation Reduction Act, IRA, Payroll Tax Credit, Previously Owned and Commercial Vehicles, Previously Owned Vehicles, Provisions Related to Climate, Provisions Related to Energy, Provisions Related to Health Care, Residential Energy Improvements, Small Business Payroll Tax Credit for Research, tax credit, The Wide-Ranging Inflation Reduction Act Is Signed Into Law, Vehicle Tax Credit