US Treasury Extends Lucrative Tax Credit to Solar Wafer Plants
Solar wafer manufacturing projects in the US will qualify for a 25% tax credit under a new rule that could unlock investment in domestic production of the equipment.
Tax credits announced for solar ingot and wafer manufacturing
New incentives support solar manufacturers and encourage the domestic buildout of the earlier stages of the solar supply chain.
Treasury determines solar ingot and wafer production qualifies for 25% tax credit
The U.S. Department of Treasury has clarified that solar ingot and wafer production facilities and equipment qualify for Section 48D tax credits, incentivizing domestic manufacturing of the critical solar supply chain components.
US Extends 25% Semiconductor Tax Credit to Chip and Solar Wafers
The Biden administration finalized rules for a 25% tax credit for semiconductor manufacturing projects, expanding eligibility for what is likely to be the largest incentive program from the 2022 Chips and Science Act.
US extends semiconductor tax breaks to some solar factories
The Biden administration said on Tuesday it would extend a semiconductor manufacturing tax break to producers of solar wafers, thin silicon slices used to make solar panels that are primarily produced in China.
U.S. Treasury extends 25% tax credit to solar wafer plants
Solar wafer manufacturing projects in the U.S. will qualify for a 25% tax credit under a new rule that could unlock investment in domestic production of the equipment, Bloomberg reported Tuesday. The new Treasury Department rule unexpectedly extends the reach of an investment tax credit created under the separate U.
IRS Feared 'Trump' Stimulus Checks Broke Law, Emails Reveal
IRS officials were concerned Economic Impact Payments that included Trump's name could have breached federal law.
Mysterious $7B estate tax payment spurs questions about source of funds
The Treasury Department received a mysterious and anomalous payment of $7 billion in estate taxes in early 2023, which ...
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Treasury Dept. Finally Releases Guidance on the Sustainable Aviation Fuel 40B Tax Credit
There is still uncertainty about whether the guidance for the 45Z credit will be available before the credit takes effect.
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The IRS Digital Asset Broker Reporting Requirements
The IRS digital asset broker reporting requirements were finalized earlier this year and impact all digital asset (i.e., ...
The claim: The IRS endorsed Kamala Harris
The National Treasury Employees Union endorsed Harris in September, but its president told USA TODAY the endorsement doesn't ...
Which presidential candidate would lessen your tax burden?
Many voters are wondering which of the presidential candidates would empty their pockets more. It’s a hotly debated topic as ...
Treasury Department now using AI to save taxpayers billions
The latest benefit from the artificial intelligence revolution: saving American taxpayers billions of dollars.
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US Treasury Taps AI to Catch Criminals Stealing $4 Billion of Your Taxes
The feds accelerate fraud detection with machine learning, catching up to similar techniques already in use by leading banks and credit cards.