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Over 1K Projects Registered In Energy Credit Portal, IRS Says

by usoftax_admin | Jan 18, 2024 | Tax News

More than 1,000 projects have been registered at an online registration portal that helps facilitate the use of two new monetization methods for energy tax credits created by the Inflation Reduction Act, the IRS and the U.S. Department of the Treasury said...

House Bill Seeks To Repeal Estate Tax

by usoftax_admin | Jan 18, 2024 | Tax News

A bill introduced Thursday in the U.S. House of Representatives would repeal the federal estate tax.

Mich. House Bill Seeks To Cut Flat Personal Income Tax Rate

by usoftax_admin | Jan 18, 2024 | Tax News

Michigan would reduce its flat personal income tax rate to 3.9% from 4.25% under a bill introduced in the state House of Representatives.

W.Va. House Bill Seeks Credit For Taxed Foreign Income

by usoftax_admin | Jan 18, 2024 | Tax News

West Virginia would allow taxpayers to claim a tax credit against income taxes paid on foreign income as part of a bill introduced in the state House of Delegates.

Md. Bill Floats Expanding Community Solar Tax Break

by usoftax_admin | Jan 18, 2024 | Tax News

Maryland would raise the maximum solar capacity level at which community solar energy systems may qualify for a personal property tax exemption under a bill introduced in the state House of Delegates.

NY Tax Dept. Wrongly Denied Couple’s EITC Claim, ALJ Says

by usoftax_admin | Jan 18, 2024 | Tax News

New York incorrectly denied the bulk of a married couple’s claim of earned income tax credits and child tax credits, a state administrative law judge said in a determination released Thursday, saying the couple presented sufficient evidence to verify their...
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