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Renewable energy tax credits: Geothermal, solar, biomass, wind power, and more

ThomsonReuters

To encourage this shift, the IRS offers a range of renewable energy tax credits for alternative energy sources like solar, wind, and geothermal power. For accountants, understanding renewable energy tax credits and how they relate to individuals and businesses is essential in helping clients maximize their tax benefits.

Tax 110
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Top 10 Outrageous Things You Are Taxed On | You Won’t Believe This

LyfeAccounting

Well, the Tax Cuts and Jobs Act (TCJA) was the divorce party pooper and removed the deduction from the tax code for all divorces agreements and decrees that start between 2019 and 2025. If you have more questions about your taxes, then work with our accountants for business taxes today.

Tax 52
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President Trump vs Biden Tax Plan Proposal in 2020

LyfeAccounting

With the US presidential election is right around the corner, and since we’re an accounting firm that loves taxes, it’s only right that we make a post discussing President Trump’s Tax Plan vs Former Vice President Joe Biden. What an Effective Tax System Looks Like. A fair tax system should produce similar outcomes.