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.

Topics covered:

• Status of pending legislation impacting 179D 
• Update on proposed changes to 179D 
• Steps A&E firms should take now to maximize 179D deductions

Contributors:

• J. Scott Duda, CPA, Partner and Professional Services Industry Practice Leader, sduda@cbh.com
•  Ronald G. Wainwright, Jr., CPA, MST, Strategic Tax Advisory Partner, Credits and Accounting Methods, rwainwright@cbh.com

Related Guidance:

• Podcast: How A&E Firms Generate Cash Flow from the 179D Energy Tax Deduction
• Brochure: Section 179D Energy Tax Deduction for A&E Firms
• Case Study: A&E Firm Achieves Tax Savings Through 179D Energy Deduction Study

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