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Inflation Reduction Act Tax Credits and Rebates: Save On Home Energy Upgrades With These Incentives

You can take advantage of the Inflation Reduction Act s tax credits now, but you ll have to wait a little longer for the rebates.

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The American Jobs Plan Would Mean Major LIHTC Expansion

The American Jobs Plan Would Mean Major LIHTC Expansion
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The American Jobs Plan Would Mean Major LIHTC Expansion

LIHTC Working Group Asks IRS to Provide Clarity on 4% Minimum Tax Credit Rate

LIHTC Working Group Asks IRS to Provide Clarity on 4% Minimum Tax Credit Rate Share Article SAN FRANCISCO (PRWEB) February 18, 2021 The Novogradac Low-Income Housing Tax Credit (LIHTC) Working Group submitted a letter to the Internal Revenue Service (IRS) asking for guidance to clarify that the minimum rate for the 4% LIHTC applies to properties in a manner consistent with previous guidance on determining when a bond is issued. The minimum rate for the 4% LIHTC was established by the Consolidated Appropriations Act of 2021. The legislation made the minimum rate available to buildings placed in service after Dec. 31, 2020, that satisfied one of two effective date requirements: receiving an allocation of housing credits after Dec. 31, 2020, or a building for which any portion is financed with any tax-exempt bonds issued after Dec. 31, 2020.

United statesDirk wallaceRevenue serviceTax credit assistance programNovogradac low income housing tax creditWorking groupInternal revenue serviceConsolidated appropriations actAmerican recoveryReinvestment actPress releaseஒன்றுபட்டது மாநிலங்களில்டர்க் வாலஸ்வருவாய் சேவைவரி கடன் உதவி ப்ரோக்ர்யாம்வேலை குழு