§179D Commercial Building Deduction
Up to $5.81 per square foot in deductions.
Available to commercial building owners and architects, designers or engineers of public and tax-exempt building projects.
§30C Alternative Fuel Vehicle Refueling Property Credit
Up to 30% of Federal Credits
Tax credit for “qualified alternative fuel vehicle refueling property” installed between December 31, 2022, and January 1, 2033.
§41 Research Tax Credit
Up to 10% of Federal credits from QREs.
Available to companies who are developing, improving, or testing products and processes from concept to production.
§45L Tax Credits for Home Builders
Up to $5,000 of tax credit per home.
Available to single family, multifamily, and manufactured home builders and developers. Home construction must start in 2023 and must be certified as ENERGY STAR or DOE Zero Energy Ready Home.
§45X Advanced Manufacturing Production Credit
Solar, wind, battery credits.
Available to US-based manufacturers producing eligible components used for renewable energy technologies, energy storage, and specified critical minerals.
§48E Clean Electricity Investment Credit
Up to 70% of Federal Credits
Investment Tax Credits (ITC) for the production, storage, and use of clean energy.
Comprehensive Fixed Asset Review
Accelerating deductions and improving cash flow.
A comprehensive strategy reviews all assets to accelerate deductions and improve cash flow. We identified over $79M of accelerated tax deductions for a food manufacturing company.
Cost Segregation
Accelerating the depreciation of buildings.
Accelerating depreciation of buildings by segregating components such as land improvements and personal property from 39 years to shorter lives.
IC-DISC
Federal income tax savings for export activities.
Available to qualified producers or distributors that are either directly involved in exporting or selling products to distributors or wholesalers who resell for use outside of the U.S.
Utility Sales Tax Exemption
Eliminate Utility Bills Sales Taxes
Businesses can eliminate sales tax on electricity, gas, water and certain other utilities used in qualified activities.
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ICS Tax LLC
The ICS team brings decades of combined industry experience, assuring great depth of knowledge and expertise, while leading the charge in the more innovative and leading-edge tax planning.