The Role of Engineers in Maximizing §179D Tax Deduction Benefits
The 179D tax deduction offers up to $5.65 per square foot for architects, engineers, and contractors who design energy-efficient buildings for government or non-profit clients. Though the process requires a third-party energy evaluation, the potential tax savings are significant. It’s not too late to claim for the 2024 tax year—National Tax Group is here to guide you every step of the way.
A Step-by-Step Guide to Claiming the §179D Deduction for Energy-Efficient Upgrades
The Section 179D Energy Efficient Deduction encourages green construction and upgrades with a powerful financial incentive. Maximized, the §179D deduction can easily reduce taxable income by six figures. This deduction can flow to engineers, architects and contractors who serve as primary designers of the building or renovation for a non-profit or government owned building. For […]
How the §179D Energy-Efficient Tax Deduction Can Benefit Commercial Building Owners in 2025
Since 2006, the Section 179D Energy-Efficient Tax Deduction has provided taxpayers with an incentive to increase the energy efficiency of their commercial buildings. Upgrades to the energy efficiency building deduction in 2022 boosted its value and expanded the eligibility of energy efficient retrofits of older buildings. Many real estate developers, commercial building owners, multifamily residential […]
Recent Changes to the Section 179D Energy-Efficient Buildings
The 179D tax deduction rewards commercial property owners, architects, and engineers for energy-efficient upgrades, offering up to $5.65 per square foot in 2025. Eligible projects must reduce energy use by at least 25%, with bonuses for higher savings and prevailing wage compliance. Solar, HVAC, lighting, and building envelope upgrades qualify, with deductions resetting every four years to encourage ongoing improvements. National Tax Group (NTG) ensures businesses maximize savings with audit-proof engineering studies.
Potential Tax Law Changes in the New Trump Administration
Republican domination of Congress, along with a Republican in the White House, likely means the constantly swinging pendulum of tax law is going to arc towards business tax cuts, possibly starting in 2025. The scope of these changes is unknown, in large part because normal Congressional rules require 60 votes for budget bills to pass […]
Maximizing Your §179D Deduction: Best Practices for 2025
Section 179D provides significant tax deductions for owners and designers of energy-efficient commercial properties, worth as much as $5.81 per square foot in 2025. On a 20,000 square-foot warehouse, hospital, headquarters, retail center, factory or other commercial use, that amounts to a six-figure deduction. The deduction is a function of the size of the building […]
Navigating the Expanded Eligibility Criteria for 179D Deductions
Has your company engaged in construction or renovated a building that has reduced energy use or energy costs by at least 25%? Has your architecture or engineering firm been involved in such a project? If so, you may qualify for the Section §179D tax deduction, now worth up to $5.65 per square foot. Furthermore, with […]
Preparing Q1: When Should You Consider Energy Tax Incentives?
The United States government has been keen to promote the use of green energy, energy-savings and more sustainable power use practices by employing the tax code as an incentive to businesses that invest in energy-saving practices. Many businesses have the opportunity to exploit a host of tax breaks and credits, but they must know about […]
New §179D Deduction Enhancements for 2025 Fuel Energy Efficiency Investments
The IRS has announced important updates to the Energy-Efficient Commercial Buildings Deduction under Section 179D for the 2025 tax year, as detailed in Revenue Procedure 2024-40. These adjustments are set to significantly benefit building owners, architects, and designers who invest in energy-efficient technologies and sustainable building practices. Understanding the §179D Deduction The §179D deduction provides […]
7 Essential Tax Planning Questions Every Small to Medium Business Owner Should Ask Their Tax Provider for Q1 2025
As Q1 2025 approaches, small and medium-sized business owners have a unique opportunity to strengthen their tax strategies for the new year. A strategic tax plan isn’t just about lowering the tax bill — it’s also about aligning tax savings with long-term business goals, reinvesting in growth, and positioning your business for success. To make […]