Private Apartment Building Case Study: Commercial Building Developer
Public School Case Study: Environmental Firm
Private Warehouse Case Study: Commercial Building Developers
IRA Updates §179D Deduction
179D’s energy-efficient commercial buildings deduction encourages taxpayers to upgrade specific commercial buildings. In December 2020, the Consolidated Appropriations Act of 2021, P.L. 116-260, made the §179D deduction permanent. On Aug. 16, 2022, the Inflation Reduction Act of 2022, P.L. 117-169, amended §179D. The changes apply to tax years starting after Dec. 31, 2022, and eligible […]
Busting Common Misconceptions: Only large projects and institutions can enjoy the benefits of §179D Deductions
Reality: The §179D deduction is beneficial to organizations of varied sizes. The §179D deduction has often been misconstrued as a benefit exclusively reserved for large-scale projects and institutions. However, the reality is far from this common myth. Even though more extensive facilities may have significant cost reductions due to their size, smaller tax-exempt organizations with […]
Private Warehouse Case Study: Commercial Building Developers
Public School Case Study: Energy Service Companies (ESCO’s)
Busting Common Misconceptions: There Is Little Certainty in the §179D Process, and It Is Complicated
One of the common misconceptions surrounding the §179D deduction is the perception that the claiming process is both intricate and uncertain. The fear of complexity often discourages organizations from exploring this avenue to reduce their tax liability. Reality: Expert Advice and Certainty Contrary to the myth, the §179D process can be streamlined and made more […]
Busting Common Misconceptions: §179D Only Applies to New Buildings
Reality: Renovations are a Game-Changer Too! The truth is that §179D is not exclusive to new constructions; it extends its benefits to renovations as well. This misconception has left many property owners unaware of the potential benefits awaiting them when making energy-efficient upgrades to their existing commercial buildings. Under §179D, property owners can qualify for […]
Busting Common Misconceptions: The Efficient Reality of §179D Site Inspections
In the realm of energy-efficient building projects, the Section §179D tax deduction is a hot topic. It offers deductions for energy-efficient improvements in commercial buildings. However, a prevalent misconception about the required site inspections for §179D qualification exists: they’re often viewed as intrusive and time-consuming for site personnel. Let’s demystify this and reveal the actual […]
