You are not eligible for the health coverage tax credit if you can be claimed as a dependent on another person’s federal income tax return. And your minor likely does not qualify for the alternative fuel credit. Beyond these reasons, there are also several rules to help determine if you ...
In some recent schemes, social media is used to dole out misleading tax advice about refunds and eligibility for tax credits like the Fuel Tax Credit or the Paid Sick and Family Leave Credit. In other instances, social media has been used to connect taxpayers with scammers to try to get t...
Hydrogen is seen as a cleaner alternative to fossil fuel-based sources. While most of the demand is met today by hydrogen produced with natural gas as feedstock, hydrogen supplies with low carbon intensity are expected to rise, helping to lower emissions in the U.S. and abr...
The IRA wassigned into law by President Joe Bidenin August. According to the Department of Energy, the IRA "represents a historic, $369 billion investment in the modernization of the American energy system." Among other things, the broad bill includes ahydrogen production tax credit. Read more...
The 45Z IRA tax credit provides incentive opportunities for non-hydrogen clean fuel production, but cannot be combined with 45V. We believe this mutually exclusive relationship occurs within the boundaries of the hydrogen production equipment, not the entire facility. This distinctio...