Tax credits

New notices and a new FAQ clarify some of the provisions of the Inflation Reduction Act for qualifying for the Clean Vehicle Credit.

A new FAQ from the IRS on the Clean Vehicle Credit suggests some flexibility on rules requiring the cars to be made in North America.

The list of potential roadblocks is relatively short — and just got shorter.

The Inflation Reduction Act introduced new requirements to receive larger credit amounts for many of the extended and new clean energy credit and deduction provisions.

The Inflation Reduction Act heavily modified the Section 179D Energy Efficient Commercial Building Deduction and the Section 45L Energy Efficient Home Credit.

The service released a set of FAQs about recent changes to tax incentives for energy efficient home improvements and residential clean energy property.

Chances are dimming that Congress will take up a multibillion-dollar package to renew a cluster of business tax breaks and provide a more generous child tax credit before lawmakers leave Washington for the year.

Senator Joe Manchin is pressing Treasury Secretary Janet Yellen to stand firm on North American-based manufacturing requirements for lucrative electric-vehicle tax credits.

A new revenue procedure explains the processes that manufacturers and sellers need to follow to be eligible for tax credits.

On taxes, the fate of research and development and private equity tax breaks remain mired in a dispute over expanding the child tax credit.

Officials discussed IRA provisions including tax credits for both commercial and electric vehicles, critical raw materials and the supply chain.

The Internal Revenue Service and the Treasury issued a notice on labor requirements for enhanced tax benefits under the Inflation Reduction Act.

The federal government's child tax credit just had its 25th anniversary, but not everyone is celebrating.

A group of House lawmakers on both sides of the aisle is pushing to expand the Low-Income Housing Tax Credit as the supply of affordable housing remains tight.

With the end of the year just around the corner, now is a great time to discuss tax planning with your clients.

Republicans — who are expected to control the House as of January — want tax breaks for private equity, manufacturers and businesses. For their part, Democrats want to expand the child tax credit.

The Internal Revenue Service released three notices asking for comments on the guidance it should issue related to some of the renewable energy-related provisions of the Inflation Reduction Act.

Direct Pay problem; fees, cautions for those starting out; new blog on the block; and other highlights from our favorite tax bloggers.

Treasury Secretary Janet Yellen is throwing cold water on expectations that the agency will provide relief to foreign automakers lobbying against stringent limits on a popular electric-vehicle tax credit.

"ERC mills" are encouraging applications for the tax credit from businesses that may not qualify for the pandemic relief program.