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Year-End Tax Strategies for Businesses

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Some of the credit highlights include: Qualified Commercial Clean Vehicles (NEW) – A credit can be claimed for clean vehicle purchases between 2024 and 2032 for an amount not exceeding $7,500 per vehicle (with a gross vehicle less than 14,000 pounds) or $40,000 (for all other vehicles). C corporation pays to add $0.94

Tax 105
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Individuals and Pass-Through Entity Owners Leery Over Harris Tax Policy

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With the Presidential election less than one month away, private and family-owned businesses are in limbo when dealing with 2024 year-end tax planning. The Tax Policy Center estimates that only 200,000 individuals are currently subject to AMT, but this number will increase to 7.6 million in 2032.