Special Tax Deductions Extended to Cover 2017 Tax Year - Energy Watch News


Special Tax Deductions Extended to Cover 2017 Tax Year

Recent legislative activity around the Bipartisan Budget Act of 2018 has resulted in (once again) extending the commercial energy efficiency tax deduction for another year, through the 2017 tax year. Even if your business has to file an extension, it might be worth it to receive these special tax deductions. FYI, because this extension of this special tax benefit has been enabled in 2015, 2016 and now 2017, one could guess that it might happen in 2018, too. You might use that information to help you justify more projects to get approved in 2018. The 179D commercial energy efficiency tax deduction is a special tax break that’s not linked to assets, but related to square footage of a building that installed energy-efficiency equipment. https://www.buildings.com/

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