Tax credits

The legislation incentivizes consumers to buy energy-efficient electric appliances, clean vehicles, rooftop-solar and home energy storage systems.

In spite of the lack of new tax legislation so far this year, taxpayers and tax preparers have plenty to focus on in preparing 2023 returns.

Most new claimants don't qualify for the Employee Retention Credit, experts say — but that hasn't stopped facilitators from promoting it.

The service is giving employers a way to rescind inaccurate claims for the Employee Retention Credit if they've fallen victim to a scam.

New guidance explains how buyers of electric vehicles can transfer their tax credits to dealers and get advance payments that lower the cost.

The 2022 law created two new credit delivery mechanisms, allowing governments, nonprofits and other entities to take advantage of the credits.

GOP members of Congress are demanding answers from the service about the backlog in processing claims for the credit, only weeks after the IRS imposed a moratorium.

Eleven states have created or expanded a fully refundable child tax credit following the expiration at the end of 2021 of the federal measure, which enabled families to get as much as $3,600 per child.

The Treasury Department is in the midst of writing rules for how it will distribute the measure's tax credits from hydrogen projects to low-carbon aviation fuel, but work on that guidance could grind to a halt if the government closes.

The service released information on two energy-related tax breaks under the Inflation Reduction Act.

The service is encouraging employers to work with qualified tax professionals rather than shady promoters.

The revised Form 6765 could help both the IRS and taxpayers avoid lengthy audits involving faulty claims.

Tax credits for home improvements in the Inflation Reduction Act may prove a major boon for taxpayers.

Anxiety is growing over the pace of work to develop critical guidance on a slew of clean energy tax credits in the Inflation Reduction Act.

The service said Monday it plans to lower its audit rate of low-income taxpayers, even as some criticize its ability to protect taxpayer information.

The Internal Revenue Service released a sneak peak of some of the changes it's hoping to make to the form for claiming research credits.

The immediate moratorium will be in effect until the end of the year.

The IRS is starting to get more interested in who prepared a claim for the Employee Retention Credit.

Corn farmers and biofuel producers are poised to gain from turning ethanol into sustainable jet fuel — depending on how Washington writes the tax policy.

The IRS and the Treasury issued guidance on some of the requirements for claiming credits under the Inflation Reduction Act.