IRS Energy Credits Online: Simplifying Clean Vehicle Credit Claims for Dealers
Explore the new IRS Energy Credits Online tool designed to streamline clean vehicle credit registration for dealers and sellers. Learn how this secure, free electronic service enables businesses, especially small ones, to complete the process online and receive advance payments within 72 hours.
Builders of qualified new energy efficient homes may qualify for an expanded tax credit
The new energy efficient home credit, as amended by the Inflation Reduction Act, allows eligible contractors who construct or substantially reconstruct and rehabilitate qualified new energy efficient homes a tax credit of up to $5,000 per home.
Increased Energy Credits for Low-Income Community Solar & Wind Facilities
IRS and Treasury issued final regulations and Revenue Procedure 2023-27PDF to provide guidance for owners of certain solar or wind facilities built in connection with low-income communities.