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 […]
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 […]
Private Workshop Case Study: Commercial Building Owner
AT A GLANCE Building Type: Workshop Sector: Private Taxpayer Type: Owner Location: Elkader, IA Service: Storage Tax Incentive: §179D Total SF: 80,599 PROJECT OVERVIEW This privately owned workshop was designed and constructed using high energy-efficient technologies, Cooper lighting LED Fixtures, Trane gas-powered electric Roof Top Units (RTUs), and Powrmatic air turnover units. Making the […]
Private Automotive Facility Case Study: Commercial Building Owner
Private Workshop Case Study: Commercial Building Owner
Private Hospital Case Study: Commercial Building Owner
§179D Tax Deduction – Private Hospital – Commercial Business Owner
Non Profit Hospital Case Study: Engineering Firm
§179D Tax Deduction – Non Profit Hospital – Engineering Firm
