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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.

S corporation Tools

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

Use our S corporation reasonable compensation calculator to estimate appropriate shareholder-employee salaries.

Featured Posts

Washington millionaire tax creates two marriage penalties

Washington Millionaires Tax Marriage Penalty

The federal income tax sometimes creates a marriage penalty. But usually not. Most federal tax brackets, standard deductions and adjustments for … [Read More...] about Washington Millionaires Tax Marriage Penalty

Washington state millionaire tax statistics

Washington’s New Millionaires Tax Statistics

Washington's new 9.9% millionaires tax doesn't take effect until January 1, 2028, with the first returns and payments due in April 2029. That … [Read More...] about Washington’s New Millionaires Tax Statistics

Use the Section 199A Deduction Calculator to estimate the new "Qualified Business Income" deduction.

Section 199A QBI Deduction Calculator

Starting in 2026, the Section 199A deduction works slightly different. Congress adjusted the formulas for inflation, improved how future inflation … [Read More...] about Section 199A QBI Deduction Calculator

Recent Comments

  • Advanced S Corporation Tax Planning Secrets - Evergreen Small Business on Section 199A QBI Deduction Calculator
  • Section 199A(i) Fiscal Year Change Extends Deduction - Evergreen Small Business on Section 199A QBI Deduction Calculator
  • Section 199A Deduction Phase-out Calculations - Evergreen Small Business on Section 199A QBI Deduction Calculator
  • Bonus Depreciation and 1031 Exchanges: A Hidden Opportunity - Evergreen Small Business on The Section 168(k) Bonus Depreciation Purchased Requirement
  • Planning for the 35% Washington State Estate Tax - Evergreen Small Business on Washington’s Qualified Family-Owned Business Interest Estate Tax Deduction: Updated for 2025

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