Tax Credits

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There Are No Credits Like Energy Credits

With the signing of the Inflation Reduction Act of 2022, the Energy Efficient Home Improvement Credit, previously known as the Nonbusiness Energy Property credit, and the Residential Clean Energy Credit were revived and expanded. Energy Efficient Home Improvement Credit The Energy Efficient Home Improvement Credit is applicable only to your…

October 9, 2023

Enhanced Child Tax Credit

President Biden’s American Rescue Plan included a significant change to the Child Tax Credit for 2021.  This change will impact both the timing of when you receive your 2021 child tax credits and the amount of these credits. First, the credit will be raised from $2,000 to $3,000 for children…

June 28, 2021

Tax Credit Businesses Might be Missing

When business owners hear “Work Opportunity Tax Credit” (WOTC) most think right away they only qualify for this credit if they hire ex-felons or veterans.  However, this is not the case.  In addition to the traditional categories for the WOTC, a new hire qualifies just by living in a…

January 14, 2019