It is never too early to begin planning for retirement. Individual retirement accounts provide tax incentives for people to make investments that can provide financial security when they retire.
The Internal Revenue Service issued Notice 2023-65 today which provides guidance on the new energy efficient home credit as amended by the Inflation Reduction Act (IRA).
Eligible contractors who build or substantially reconstruct qualified new energy efficient homes may be eligible for a tax credit up to $5,000 per home.
Imitation may be the sincerest form of flattery, but when scammers pose as the IRS it means trouble for taxpayers.
See post to view videos from the IRS.
The moratorium begins immediately and will run through at least Dec. 3, 2023.