R&D & Energy For Real Estate: Tax Accounting Methods
What Does the IRS Extending the R&D Tax Credit Claims Transition Period Mean? Construction and real estate firms often ask
Brian Coddington
November 15, 2021
Discover the power of tax incentives for energy-efficient building upgrades. Whether you’re a building owner or a design professional, our expert services will guide you through leveraging Section 179D deductions for maximum savings.
Section 179D is a provision in the U.S. tax code created to incentivize energy efficiency. It offers tax deductions for property owners and design professionals who make energy-efficient improvements to commercial or high-rise residential buildings. These improvements can range from better insulation to advanced HVAC systems, and the deductions are calculated based on the square footage and the energy cost savings achieved.
Section 179D isn’t just for building owners; it’s also available to architects, engineers, and contractors working on public structures like schools or government offices.
Save up to $1.80/SF on buildings placed in service by 2020, and up to a staggering $5.00/SF for those in service in 2023. Deductions are calculated based on square footage and energy savings, aligning with ASHRAE Standard 90.1 requirements.
Our industry experience and expertise in 179D and our other services has helped businesses claim billions of dollars in tax credits and incentives.
Our comprehensive knowledge in 179D Tax Deductions ensures a holistic approach to maximizing your tax savings.
We understand that every business is unique. Our personalized strategies are designed to meet the distinct needs and goals of your company.
Our 40-year history of achieving substantial tax credit savings for clients across various industries is a testament to our commitment and expertise.
Stay ahead of the curve with our up-to-date knowledge of tax legislation and compliance requirements, providing you with peace of mind.
Our dedicated support team is readily available to guide you through every step of the process, ensuring a smooth and stress-free experience.
What Does the IRS Extending the R&D Tax Credit Claims Transition Period Mean? Construction and real estate firms often ask
The 179D tax deduction is calculated based on a commercial building’s square footage and the energy cost savings achieved by
IRS Announcement 2024-24: Updated Reference Standard 90.1 for § 179D Announcement 2024-24 refers to the upcoming updates that will align
The Inflation Reduction Act of 2022 brought changes to the §179D Energy Efficient Commercial Building Tax Deduction, a flagship federal
IRS Announcement 2024-24: Updated Reference Standard 90.1 for § 179D Announcement 2024-24 refers to the upcoming updates that will align
In August of 2022, The Inflation Reduction Act was signed into law which made significant changes to the Energy Policy
Embrace the power of tax credit savings with Source Advisors and propel your business towards growth and success. Partner with us today to unlock your company’s full potential.