Tax Credits & Incentives Posts

TL;DR: Yes, if your business still has research costs from 2022, 2023, or 2024 sitting on an amortization schedule, you can deduct everything that is left on your 2025 return, or split it across 2025 and 2026. The One Big Beautiful Bill Act created …

Discover how building owners can use Form 3115 and designated change number 152 to claim missed historical 179D deductions on commercial properties owned for years. This automatic accounting method change allows you to capture past energy efficiency…

TL;DR Form 6765 is the form that carries the federal R&D tax credit onto your return. For tax years beginning after 2025, a section of it called Section G stops being optional. Section G makes you report the credit project by project instead of as …

TL;DR: Earning an R&D tax credit and actually using it are two separate events. Carryforward provisions protect unused credit value, but the rules vary wildly between federal and state levels. Federal credit carries forward 20 years. State rules ran…

TL;DR: If you invested in a qualified opportunity fund before 2027, the tax you've been putting off is due on December 31, 2026. No exceptions. A new law called the One Big Beautiful Bill Act made the QOZ program permanent, but it didn't push that d…

TL;DR: One year after the One Big Beautiful Bill Act was signed into law, three tax strategies need your attention now: 100% bonus depreciation is permanent, R&D expensing is back, and Section 179D has a cutoff date that's already passed. Some deadl…

TL;DR: Most architecture firms qualify for the federal R&D Tax Credit based on their everyday technical project work, and most of them have never claimed it. A firm with $2 million in qualifying payroll is looking at $120,000 to $160,000 in annual r…

Discover how to supercharge your real estate investments by combining the powerful tax deferral of Opportunity Zones with the accelerated depreciation benefits of cost segregation studies. This post breaks down the strategic advantage of this often-…

TL;DR: Pre-profit startups doing product development, software work, or technical problem-solving likely qualify for the R&D Tax Credit, and they don't need income tax liability to benefit. The PATH Act of 2015 created a payroll-tax offset that turn…

TL;DR:R&D tax credits give you a dollar-for-dollar reduction in taxes owed for technical work you're already doing. Most small businesses qualify but never claim it. Software development, manufacturing improvements, construction engineering, food fo…

TL;DR: The One Big Beautiful Bill Act lets small businesses amend 2022-2024 tax returns to claim immediate R&D expense deductions instead of spreading them over five years. This could mean six-figure refunds, but you must file by July 6, 2026. There…

Welcome back to the Tax Strategy Playbook blog! In our latest podcast episode, titled $200K Investment → $81K Tax Savings? The Oil & Gas Strategy Explained, we delved into a fascinating and often overlooked tax strategy that can provide significant …

TL;DR: The federal R&D tax credit under Internal Revenue Code Section 41 is not reserved for software companies and pharmaceutical labs. It rewards businesses that solve technical problems through trial and error, which describes a lot of manufactur…

Introduction: The Power of Section 179D for Commercial Property Owners Welcome back to the blog, and if you just tuned into our latest podcast episode, welcome to you as well! This week, we’re diving deep into a topic that has the potential to put …