Tax credits

One sector that the bill is particularly positive for is real estate, experts say.

When a company considers adding new jobs or making new investments, many state and local authorities offer tax incentives to support that growth.

Lack of awareness, fear of mistakes and penalties, and the cost of filing are preventing many families from claiming millions of dollars in tax credits.

Wealthy Americans and business investors are among the big winners while targets of Trump's ire such as immigrants and elite universities were hammered.

The Treasury Department and the Internal Revenue Service released final rules for the Clean Electricity Investment and Production Tax Credits in Sections 45Y and 48E of the Tax Code.

A refundable tax credit would carry the same budgetary impact but boost homeownership among lower and middle-income households, a new study says.

The Internal Revenue Service is extending the transition period for revising claims for the research and development tax credit through Jan. 10, 2026.

Although no Republicans voted for the measure two years ago, some of its incentives, such as tax credits for producing hydrogen and capturing carbon dioxide, are very popular with oil companies and other core GOP constituencies.

Final regulations are also available for the Advanced Manufacturing Production Credit established by the Inflation Reduction Act.

Between the coming sunset of the Tax Cuts and Jobs Act, the presidential election and a host of other factors, this is shaping up to be a tough year for advising clients.