IRS Announces §179D Tax Deduction Inflation Adjustments for 2025 – What You Need To Know
The Internal Revenue Service (IRS) has released its annual inflation adjustments for the tax year 2025, bringing significant updates to the Energy-Efficient Commercial Buildings Deduction under Section 179D of the Internal Revenue Code. These changes, detailed in Revenue Procedure 2024-40, are poised to impact building owners, architects, and designers aiming to capitalize on tax incentives […]
Navigating §179D Deductions: The Crucial Lessons from United States v. Oehler
As a subject matter expert in 26 U.S.C. § 179D, the recent case of United States v. Oehler underscores the vital importance of engaging experienced and reputable firms, like Walker Reid Strategies, to guide you through the complex landscape of energy-efficient commercial building deductions. Click here for the original case: United States v. Oehler Why […]
Inflation Reduction Act -IRS Issues Announcement Updating ASHRAE Standard 90.1 for 2028 and later
IRA UPDATE -IRS Issues Announcement Updating ASHRAE Standard 90.1 for §179D On May 17th, 2024 the Internal Revenue Service Issued Announcement 2024-24, affirming the applicable standards to be used for §179D Energy Efficient Commercial Building Tax Deduction, starting January 1st, 2023. The announcement clarifies that the reference standard to be used for projects being placed […]
The Impact of §179D Deduction on Tax Exempt Buildings
The landscape of tax benefits for energy-efficient construction has undergone a significant transformation in 2023 with the updates to Section 179D. In this blog, we will explore how this program empowers tax-exempt organizations and unlocks exciting opportunities for design professionals like architects, engineers, and design-build contractors. §179D Changes 179D is a deduction that incentivizes energy-efficient […]
How §179D Deduction is Driving Sustainable Growth & Development
In a world grappling with climate change, sustainable development has become vital to our collective future. At the intersection of environmental responsibility and economic incentive, §179D Deduction of the Internal Revenue Code is emerging as a potent catalyst for sustainable commercial building growth. At Walker Reid, we are committed to helping businesses navigate the intricacies […]
Why CPA Firms Are Embracing Tax Preparation Outsourcing?
Why CPA Firms Are Embracing Tax Preparation Outsourcing In the aftermath of the tax season, CPA firms are still caught up in a whirlwind of client inquiries, meticulous calculations, and applying for extensions. The surge in workload during this time can be overwhelming for firms striving to provide excellent service to their clients. Amidst this […]
Benefits Beyond Energy Savings: Exploring the Comprehensive Impact of §179D for Sustainable Designs
Sustainable design is a critical component of contemporary architecture rather than a niche idea. However, adding these components to your project can result in significant deductions. By working with a company like Walker Reid, you can take advantage of government tax incentives that encourage the use of environmentally friendly and energy-efficient building techniques. Rewards for […]
Architects & Engineers Handbook to Claiming the §179D Deduction
Internal Revenue Code §179D provides financial incentives to architects, engineers, and design-build contractors for energy-efficient design work for tax-exempt buildings. Many businesses are concerned about prospective changes to the tax law, particularly concerning significant sections like carried interest, capital gains, 1031 exchanges, and more. Thanks to a move by Congress, an architect and engineering firm-often-ignored […]
The Steps to Obtaining a Section 179D Allocation from the GSA
The Steps to Obtaining a Section 179D Allocation from the GSA The General Services Administration (GSA) plays a crucial role in allocating Section 179D deductions for government building projects. Under the Energy Policy Act of 2005, commercial building owners and tenants can claim tax deductions for specific energy efficiency projects made to their properties. […]
Case Study 4 of 8: Qualifying as a designer of energy-efficient properties
Case Study 4 of 8: Qualifying as a designer of energy-efficient properties For nearly two decades, IRC §179D has provided a tax deduction to property owners who install qualifying energy efficient commercial building property (EECP). Initially part of the Energy Policy Act of 2005, this deduction has become permanent and updated through the passage […]
