Recent Changes to the Section 179D Energy-Efficient Buildings
The 179D tax deduction for energy-efficient buildings underwent a transformation beginning in tax year 2023. Two years later, those changes are worth more than ever before. For owners of commercial property who achieve energy use reductions on newly built or renovated buildings, and the architects and engineers who are primarily responsible for the design of […]
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 […]
Fact Check: Busting 10 Common Myths About Claiming 179D Deduction
Busting 10 common myths about claiming the 179D deduction. Get the facts to maximize your tax savings and ensure you’re making informed decisions.
How Can Construction Businesses Maximize the 179D Deduction?
Learn how construction businesses can maximize the 179D deduction by qualifying energy-efficient projects. Discover eligibility, benefits, and application tips.
Unlock Unmatched Tax Savings: How to Maximize Deductions with Section 179D and Cost Segregation Studies
Navigating the complexities of the U.S. tax code can feel overwhelming, but smart tax planning strategies can significantly reduce your tax liabilities and boost your cash flow. Two powerful tools available to commercial property owners and real estate investors are the Section 179D deduction and cost segregation studies. While each offers substantial benefits, combining them […]
How Hotel Owners Can Maximize the Value with 179D Tax Deduction, Ensuring Significant Deductions
Hotel owners and developers are constantly seeking strategies to enhance property value while reducing operational costs. The 179D tax deduction is a powerful tool that accomplishes both objectives and is more accessible than often realized. By leveraging this underutilized incentive, properties can enhance the bottom line while contributing to the sustainability movement within the hospitality industry.