Qualifying businesses, tax-exempt organizations or entities such as state, local and tribal governments can take advantage of certain tax credits even if they don’t have taxable income through new elective payment and transfer options. These options can be applied to certain clean energy and manufacturing credits under the Inflation Reduction Act of 2022 and CHIPS Act.
A wide range of clean fuel tax credits and clean energy tax credits can be taken directly through the system for cities, governments and nonprofits. ...
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