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How Your Architecture and Engineering (A&E) Firm May Qualify for the Section 179D Energy Efficient Tax Deduction
November 1, 2021
Beginning January 2022, more A&E firms may qualify for the 179D energy efficient tax deduction with the expected passage of the Reconciliation Bill. If your A&E firm has not looked into the 179D tax deduction, or previously did not qualify, you should evaluate design projects from 2021 through 2025 to determine eligibility.
Listen to Scott Duda, Partner and Leader of Cherry Bekaert’s Professional Services Industry practice, and Ron Wainwright, Strategic Tax Advisory Partner with the Firm’s Credits and Accounting Methods practice, to learn about proposed legislation that will lower the energy efficiency standards while increasing the deduction rate and the tax incentives that the 179D energy tax deduction offers to A&E firms.
Status of pending legislation impacting 179D
Update on proposed changes to 179D
Steps A&E firms should take now to maximize 179D deductions