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Pocket a Tax Break for Making Energy-Efficient Home Improvements

RogerRossmeisl

You can claim the credit for improvements made through 2032. The credit equals 30% of certain qualified expenses for energy improvements to a home located in the United States, including: The post Pocket a Tax Break for Making Energy-Efficient Home Improvements appeared first on Roger Rossmeisl, CPA.

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Unpacking the Clean Vehicle Credits under IRA ’22

RogerRossmeisl

The credit generally applies to vehicles having >4 wheels that are placed in service from 1/1/2023 – 12/31/2032. The post Unpacking the Clean Vehicle Credits under IRA ’22 appeared first on Roger Rossmeisl, CPA. Who Qualifies You may qualify for.

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Mastering Labor Challenges Can Drive Growth for CPA Firms

CPA Practice

Bureau of Labor Statistics estimates employment of accountants and auditors to grow by about 4% each year through 2032, with an annual number of job openings expected to be about 126,500. The results are profound: more than 99% of the top CPA firm leaders in the US said they can’t adequately fill their staffing needs domestically.

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Home Energy Credits Under the Inflation Reduction Act

CPA Practice

By Mike D’Avolio, CPA, JD. For property placed in service in 2023 through 2032 , the credit is increased for each tax year to 30% of the sum of: Qualified energy efficiency improvements installed during the year, and Residential energy property expenditures paid or incurred during that year.

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What to Know about Tax Savings in the Inflation Reduction Act

CPA Practice

After your CPA teams explore the requirements to see who is eligible, clients may benefit from tax credits that cover 30% of the cost of switching over to solar power, as well as a tax credit up to $5 per square foot to support energy efficiency improvements that deliver lower utility bills.

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Restaurant Sales Forecast to Hit $1.1 Trillion in 2024

CPA Practice

Between 2024 and 2032, the industry is projected to add 150,000 jobs per year on average, with total staffing levels reaching 16.9 million by 2032. Restaurant Employment to Reach 15.7 Million in 2024 The restaurant and foodservice industry is projected to add 200,000 jobs in 2024, bringing total industry employment to 15.7

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SECURE Act 2.0 Makes Changes to RMD Age, Contribution Limits and More

Anders CPA

If you will not be turning 74 until after 2032, your RMDs do not begin until age 75. Makes Changes to RMD Age, Contribution Limits and More appeared first on Anders CPA. These withdrawals are called required minimum distributions, or RMDs. The act also reduced the penalty for not taking RMDs when required.

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