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Inflation Reduction Act

How EV Credits Work

October 2, 2023 By Christian Block CPA

EV credits make electric vehicles more affordable

Do you plan on purchasing a new vehicle within the next ten years?  If the answer is yes, and good chance it is, you want to know how EV credits … [Read more...] about How EV Credits Work

Filed Under: business taxes, individual income taxes, Inflation Reduction Act, personal finance

Inflation Reduction Act: Tax Credits for Homeowners

August 15, 2022 By Beth Nelson CPA

Foam plastic Insulation of a new home on a new roof

August 19th update: It has come to my attention that the original Example 3 was not clearly supported by the statute. This has been fixed and I … [Read more...] about Inflation Reduction Act: Tax Credits for Homeowners

Filed Under: individual income taxes, Inflation Reduction Act, real estate

Inflation Reduction Act: What Every Real Estate Investor Should Know

August 10, 2022 By Beth Nelson CPA

On Sunday morning, the U.S. Senate passed the Inflation Reduction Act (H.R. 5376). Assuming the House passes an identical bill this Friday (and Nancy … [Read more...] about Inflation Reduction Act: What Every Real Estate Investor Should Know

Filed Under: business taxes, Corporate taxation, Inflation Reduction Act, investment, real estate, Strategy

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Nelson CPA publishes this blog to help and encourage small business owners. Click here to learn more about our firm.

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Use our S corporation tax savings calculator to make a quick estimate of the annual tax savings per owner.

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Featured Posts

Changing your Washington state residency may be a tax planning gambit you need to consider

Changing Your Washington State Residency

Okay, first point, if you want to change your residency or domicile from Washington state to some other state? That’s a question you answer with the … [Read More...] about Changing Your Washington State Residency

Washington state's estate tax hits income in respect of a decedent particularly hard. Especially when an estate pays federal estate taxes.

The Washington Estate Tax Income in Respect of Decedent Problem

Washington state’s estate tax hits only a small percentage of the state’s decedents. (The threshold for paying tax is $3,000,000, and though the data … [Read More...] about The Washington Estate Tax Income in Respect of Decedent Problem

Washington state estate tax pushes wealthy residents to consider estate planning options.

Planning for the 35% Washington State Estate Tax

Washington state levies an estate tax of up to 35% on estates of decedents dying on or after July 1 2025. That new rate is by far the highest estate … [Read More...] about Planning for the 35% Washington State Estate Tax

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