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.
How Architects and Builders Benefit from the Section 179D Tax Deduction
Possessing or running more energy-efficiently built or renovated buildings may boost your cash flow by lowering your federal income tax obligation for the current year. Designers of buildings owned by the government can also often benefit from this tax-deferral method.