Chester County News and Community Website
The Internal Revenue Service (IRS) has recently updated its frequently asked questions (FAQs) concerning the New, Previously Owned, and Qualified Commercial Clean Vehicle Credits. This move brings much-needed clarity to …
IRS Offers Clarity on Clean Vehicle Credits With Updated FAQs Read More
The Internal Revenue Service (IRS) recently introduced a new Voluntary Disclosure Program aimed at assisting businesses that erroneously claimed the Employee Retention Credit (ERC). This initiative offers an avenue for …
IRS Launches Voluntary Disclosure Program to Rectify Erroneous Employee Retention Credit Claims Read More
U.S. Senator Bob Casey (D-PA) has voiced concerns over the Biden Administration’s proposed rule for the 45V hydrogen production tax credit. The proposed rule, aimed at jumpstarting clean hydrogen production …
Senator Casey Questions Biden Administration’s Proposed Hydrogen Tax Credit Rule Read More
The Internal Revenue Service (IRS) has recently released the optional standard mileage rates for 2024. These rates are used to compute the deductible costs of operating an automobile for various …
IRS Announces 2024 Standard Mileage Rates for Automobile Usage Read More
The Treasury Department and the Internal Revenue Service (IRS) have recently issued Notice 2024-06, providing guidance on the new Sustainable Aviation Fuel (SAF) credit. This tax incentive was established by …
Treasury Department and IRS Release Notice for Sustainable Aviation Fuel Credit Read More
PENNSYLVANIA — State Representative Melissa Shusterman, a Democrat from Chester County, has co-sponsored a major legislative victory for working families in Pennsylvania. House Bill 1259, which Shusterman co-prime sponsored, significantly …
Pennsylvania Legislature Passes Bill to Triple Child and Dependent Care Tax Credit Read More
PENNSYLVANIA — Governor Josh Shapiro and his administration continue their work to improve distressed communities in Pennsylvania through the Neighborhood Assistance Program (NAP). On Monday, Department of Community and Economic …
Gov. Shapiro Approves $36M for Community Improvement Through Neighborhood Assistance Program Read More
The Internal Revenue Service (IRS) recently announced a new initiative aimed at encouraging the sale of clean vehicles. The agency has launched the IRS Energy Credits Online tool (IRS ECO), …
IRS Launches New Online Tool for Clean Vehicle Sellers to Claim Energy Credits Read More
PENNSYLVANIA — The Pennsylvania House of Representatives this week passed a tax code bill that includes a provision to expand the state’s Child and Dependent Care Enhancement Tax Credit. The …
Pennsylvania House Approves Tax Reduction Bill, Includes Davis-Shusterman Provision for Childcare Relief Read More