News & Opinions
The latest news and insights from Hanley Wood’s outspoken experts and key thought-leaders throughout the residential and commercial design and construction industry.
Robert Dietz / NAHB / September 30, 2013
In 2005, Congress established a number of energy-efficiency tax incentives related to housing. These policies include the tax code section 45L credit for the construction of energy-efficient homes, the 25C credit for retrofitting existing homes, and the 25D credit for the installation of power production property in new and existing homes.
Using earlier IRS data for tax year 2009, we previously examined who benefitted from these credits, as well as how homeowners used the credits. Newer 2010 data also allow exploring these energy related investments.
The 25C credit is only available forRead More
Bill Bischoff / Wall Street Journal / February 6, 2013
Commentary: Congress extended and expanded several key deductions
Last month’s fiscal-cliff legislation included lots of tax provisions. Media attention has focused heavily on changes that affect individuals. But the new law also provides some valuable tax-saving breaks for businesses. Here’s the most important stuff to know for your outfit’s 2013 tax year.
Generous Depreciation Deductions for New and Used Assets
The Section 179 depreciation deduction privilege allows eligible businesses to deduct 100% of the cost of qualifying new and used assets in Year 1. For qualifyingRead More