Chester County News and Community Website
WASHINGTON, D.C. — The Internal Revenue Service (IRS) has issued a draft of the revised Form 6765, also known as the Credit for Increasing Research Activities or the Research Credit. …
IRS Releases Draft of Revised Research Credit Form Read More WASHINGTON, D.C. — The Department of the Treasury and Internal Revenue Service (IRS) recently released Notice 2024-48, providing crucial information for taxpayers seeking to qualify for the Energy Community Bonus …
IRS Issues Guidance on Energy Community Bonus Credit Eligibility Read More
HARRISBURG, PA — Treasurer Stacy Garrity praised the Senate Finance Committee this week for unanimously approving House Bill 1745. The legislation, designed to enhance Pennsylvania’s PA 529 College and Career …
New Legislation Boosts Pennsylvania Savings Programs with Employer Tax Credits and Flexibility Read More
WASHINGTON, D.C. — The Department of Treasury, Internal Revenue Service (IRS), and Department of Energy (DOE) have announced the opening of the application portal for the 2024 Low-Income Communities Bonus …
New Federal Program Offers Boost for Clean Energy in Low-Income Communities Read More
WASHINTON, D.C. — U.S. Senator Bob Casey (D-PA) has called on President Biden’s administration to extend the scope of hydrogen sources eligible for a tax credit. The intent? To bolster …
Hydrogen Power: A New Economic Powerhouse for Pennsylvania? Read More
WASHINGTON, D.C. — In a recent move to bolster the clean energy workforce, a group of senators led by U.S. Senator Bob Casey (D-PA) have penned a comprehensive letter to …
Senators Advocate for Streamlined Clean Energy Workforce Tax Credits: A Call for Smooth Implementation and Enhanced Worker Benefits Read More
WASHINGTON, D.C. — The Internal Revenue Service (IRS) and the Department of the Treasury have unveiled new guidelines regarding the qualified alternative fuel vehicle refueling property credit. These guidelines, issued …
IRS and Treasury Department Outline New Guidelines for Alternative Fuel Vehicle Refueling Property Credit Read More WASHINGTON, D.C. — The Internal Revenue Service (IRS) and the Treasury Department recently celebrated a significant achievement in the implementation of key provisions in the Inflation Reduction Act. The two …
IRS and Treasury Department Surpass Major Milestone in Clean Energy Tax Credits Implementation Read More
In a move that could impact homeowners across the nation, the Department of the Treasury and the Internal Revenue Service (IRS) recently announced their intent to propose regulations that implement …
IRS to Introduce PIN Requirement for Energy Efficient Home Improvement Credit Read More
The Department of the Treasury, in collaboration with the Internal Revenue Service (IRS), has unveiled proposed regulations to guide the implementation of the advanced manufacturing production credit. This credit was …
Treasury Department and IRS Issue Guidelines for Advanced Manufacturing Production Credit Read More