Seeing Green: Additional Benefits May Be Coming to Section 179D

Seeing Green: Additional Benefits May Be Coming to Section 179D

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Author: Lauren E. Barton, CPA | Tax Supervisor

As tax rates increase and common deductions are reduced or phased-out, looking for other outlets of tax savings is something that all taxpayers are paying more attention to now.

One area, in which there is an increased deduction, is in the design and construction of energy-efficient commercial buildings. Section 179D started several years ago and actually expired on December 31, 2013. An extension of the Energy Policy Act of 2005, (“EPAct”) has been introduced in the Senate and proposes even more benefits related to the 179D deduction.  Read More

Image Source: USGBC, Manitoba Hydro Place


The information contained within this article is provided for informational purposes only and is current as of the date published. Online readers are advised not to act upon this information without seeking the service of a professional accountant, as this article is not a substitute for obtaining accounting, tax, or financial advice from a professional accountant.


About the Author

Keiter CPAs is a certified public accounting firm serving the audittax, accounting and consulting needs of businesses and their owners located in Richmond and across Virginia. We focus on serving emerging growth businesses and companies in the financial servicesconstructionreal estatemanufacturingretail & distribution industries and nonprofits. We also provide business valuations and forensic accounting servicesfamily office services, and inbound international services.

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