Department of the Treasury ("Treasury") and the Internal Revenue Service ("IRS") issued Notice 2015-70 requesting comments from the public on future guidance related to thedefinition of qualifying energy property under section 48 of the Internal Revenue Code ("IRC"). T...
Tesla’s net income declined more than 50% last year[…] A good chunk of the profit also came from growth inregulatory credits, an uncertain income source going forward in the Trump administration. DeepSeek has pulled back the curtain to reveal that reasoning models are a lot easier to buil...
Energy Project Finance Dealmaker Joins McDermott in New York, December 20, 2023 Q&A: M&A in the US Energy Sector,Financier Worldwide, December 13, 2023 IRA Tax Credits Driving New Wave of Renewable Energy “Mega” Deals,PV Tech, December 13, 2023 ...
The Internal Revenue Service (IRS) has published initial guidance on federal tax credits for home energy efficiency improvements, including a $600 credit for the installation of qualified heating systems. The recently enacted "Inflation Reduction Act" (IRA) significantly expands the existing "non-busin...
Businesses seeking contracts with local governments, public schools, universities, or other public entities, or that wish to apply for small business grants or tax credits need to register with the New Jersey Division of Revenue for a business registration certificate (BRC). 7. Register your busine...
(PTC) and receive a larger tax break when they do. The law expands eligibility to those with a household income above 400% of the federal poverty level. Taxpayers who are eligible can receive larger credits due to the lower premiums that households must contribute (now between 0-8.5% of ...
1. Budget, Budget, Budget You probably have a budget, but it's time to revise it to reflect your current state, says Siyu Wang, an associate professor in the department of economics at Wichita State University. After all, in the last year, maybe you added a new streaming servi...
Certain incorporated businesses in New Jersey must obtain a federal employer identification number (EIN) through the IRS online (at no cost). Unless they hire employees, sole proprietors in New Jersey can operate using their Social Security number (SSN) instead of an EIN. 5. Create a busines...
Expanded Child Tax Credits:Families can expect larger tax credits for dependents under new IRS guidelines. National Paid Leave Initiatives:A proposed federal paid leave program aims to support workers caring for children, elderly relatives, or their own health needs. ...
Homeowners who tapped expandedhome energy tax creditsmight get a bigger refund, he noted, as well as people whose incomes didn't keep up with inflation. Another group that could see bigger refunds are low-income families with children, given an expansion of the Earned Income Tax Credit. The ...