Recently Purchased a Commercial Building? Don’t Miss These Powerful Tax Savings Opportunities

Buying a commercial building is a major investment that carries several ongoing costs associated with owning and maintaining the building. Fortunately, however, the federal tax code offers a variety of strategies to help offset these costs by reducing your tax burden. For example, the §179D deduction (which was recently made a permanent part of the [...]

By |2021-03-04T22:12:11-07:00March 4th, 2021|179D, Bonus Depreciation, Commercial Buildings, Cost Segregation|Comments Off on Recently Purchased a Commercial Building? Don’t Miss These Powerful Tax Savings Opportunities

New COVID Relief Package Makes the §179D Deduction Permanent

After months of deliberation, Congress passed a sweeping new $900 billion COVID relief bill on December 21. The bill, officially called the Consolidated Appropriations Act 2021, H.R. 133, was signed into law by President Trump on December 27, thereby enacting numerous measures designed to provide financial assistance for individuals and businesses impacted by the ongoing [...]

By |2020-12-30T10:25:15-07:00December 30th, 2020|179D, Commercial Buildings, News|Comments Off on New COVID Relief Package Makes the §179D Deduction Permanent

The §179D Deduction is Set to Expire at the End of 2020—Do Your Projects Qualify?

As the year enters its fourth quarter, an important deadline is looming for commercial building owners and designers seeking opportunities to minimize their tax burdens: the §179D deduction for energy-efficient buildings is currently due to expire on December 31, 2020. As one of the “tax extenders”—a group of temporary tax incentives that are only authorized [...]

By |2020-10-02T09:56:58-07:00October 2nd, 2020|179D, Architects and Engineers, Commercial Buildings|Comments Off on The §179D Deduction is Set to Expire at the End of 2020—Do Your Projects Qualify?

Engineering Firm Receives §179D Deduction of $1.80 Per Square Foot

A structural engineering firm was hired by the State of Washington to design three new schools, which totaled an estimated 281,558 square feet. The designs incorporated several energy efficiency measures in the lighting systems, HVAC systems, and the building envelope. These measures exceeded ASHRAE Standard 90.1-2007, indicating that the buildings met the latest widely accepted [...]

By |2020-09-01T23:15:48-07:00September 1st, 2020|179D, Architects and Engineers, Case Studies|Comments Off on Engineering Firm Receives §179D Deduction of $1.80 Per Square Foot

Architecture Firm Receives §179D Tax Deduction of Over $160,000

An architecture firm in Connecticut was hired by a government entity to design an 89,693 square-foot elementary school. The design, which was completed in 2020, included several energy efficiency measures in the school’s lighting, HVAC systems, and the building envelope. These measures were found to exceed the standards of ASHRAE 90.1-2007 by over 50 percent, [...]

By |2020-07-24T01:53:41-07:00July 24th, 2020|179D, Architects and Engineers, Sustainability|Comments Off on Architecture Firm Receives §179D Tax Deduction of Over $160,000
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