Chester County News and Community Website
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
PENNSYLVANIA— Pennsylvania Treasurer Stacy Garrity is applauding the unanimous approval of House Bill 1745 by the House Education Committee. The bill, sponsored by Rep. Paul Friel (D-26), proposes a tax credit …
Pennsylvania Eyes Tax Credit for Employers Contributing to College Savings Read More
The Internal Revenue Service (IRS) has issued a reminder for low- and moderate-income taxpayers about the opportunity to save for retirement while also earning a special tax credit in 2024 …
IRS Encourages Low- and Moderate-Income Taxpayers to Save for Retirement with Saver’s Credit Read More
The Department of the Treasury and the Internal Revenue Service (IRS) have recently proposed regulations to update rules for the investment tax credit under section 48 (ITC). These rules, last …
Treasury and IRS Propose Updates to Investment Tax Credit Rules for Energy Properties Read More