Join us August 27th for an AIA-accredited live virtual meetup on the 179D and 45L tax incentives.
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Howdy! 👋
Tax policy is not getting a break this summer. As you’ve likely seen, the Senate Finance Committee’s draft of the Big, Beautiful Bill (BBB) has landed — and it’s packed with changes that could significantly impact how and when you claim energy and innovation incentives.
Clients and partners have been flooding our inbox with questions, and for good reason: incentives like 179D, 45L, ITC, are on the “not so good” track, while R&D and bonus depreciation are about to be great (again).
The verdict? There’s still time to act and we’re here to help. If you’ve been considering a study or planning an upgrade, this may be your last and best window to take advantage of the current rules.
We’re staying closely plugged into every development and will continue posting updates as the bill moves through the legislative process. In the meantime, we’re here to help you navigate the uncertainty and make confident, well-timed decisions.
Here’s to staying proactive, profitable, and ahead of the curve this summer.
🛑 179D May Be Terminated
The bill proposes to end the 179D deduction one year after it becomes law. This gives property owners and designers a short window to complete qualifying projects and capture up to $5.81/sq. ft. in deductions.
🏠 45L Is on the Same Path
The residential energy efficiency credit would also expire on that same timeline. That means builders and developers have a limited opportunity to claim $5,000 per qualifying unit before the door closes.
☀️ ITC Will Phase Out Gradually
The Investment Tax Credit isn’t ending outright, but it will be phased out over time unless construction begins quickly or prevailing wage rules are met.
🧪 R&D Tax Credit Gets a Needed Win
Immediate expensing is back for R&D tax credit — and the bill introduces retroactive relief for smaller companies, offering a fix to the Section 174 amortization rules that have caused headaches for startups and founders alike.
🏗️ Cost Seg & Bonus Depreciation Made Permanent
100% bonus depreciation is here to stay. This is a big win for real estate investors who rely on cost segregation to accelerate deductions and improve cash flow.
⚠️ Planning Tip: Projects placed in service this year may still qualify under existing rules — but only if they’re certified in time. For R&D projects, there may be money on the table from prior years. Let’s run the numbers together.
Book your July planning call →
Federal R&D tax credits get a lot of attention, but many states offer their own programs that can double your benefit. Whether you operate in one state or across several, understanding what’s available could make a big difference on your 2025 return.
Our latest guide breaks down which states offer credits, how they differ from the federal version, and what you need to claim them.
Read the 2025 Guide to State R&D Tax Credits →
Our team is tracking every update and will continue to share guidance as the legislation progresses. We’re optimistic, but realistic, about what’s ahead, and we’re committed to helping you navigate it all.
And speaking of commitment: a few of us had the chance to meet up in person this month (yes, with a Capitol view!) for some real-life tax strategy and real-life barbecue. 👇
With so much changing, we’ll be posting regular updates to help you stay on top of what’s happening in the world of tax incentives.
Follow us on LinkedIn for timely news, strategy tips, and insights from our team as legislation evolves and deadlines approach.
If you haven’t yet scheduled time to review your 2025 tax strategy, July is the month to do it.
We’ll help you navigate the BBB’s changes, claim eligible deductions while they’re still on the table, and set you up for a strong Q3 and beyond.
Schedule a strategy call here.
Thank you to all of those who serve, have served, or support those who serve our armed forces.
Home of the free, because of the brave.
Ari Salafia is CEO of TaxTaker. She's passionate about helping innovative companies and founders save millions on taxes through government incentive programs. Through her work at TaxTaker, Ari continues to inspire and empower businesses to maximize their savings potential.
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