UAHMED | CPA Services Houston https://uahmedcpa.com Wed, 05 Jun 2024 14:53:35 +0000 en-US hourly 1 https://wordpress.org/?v=6.9.4 https://uahmedcpa.com/wp-content/uploads/2020/10/cropped-cropped-U-AHMED-CPA-32x32.png UAHMED | CPA Services Houston https://uahmedcpa.com 32 32 Treasury, IRS issue guidance on Clean Fuel Production Credit https://uahmedcpa.com/treasury-irs-issue-guidance-on-clean-fuel-production-credit/ Wed, 05 Jun 2024 14:53:35 +0000 https://uahmedcpa.com/?p=1371 IR-2024-153, May 31, 2024 WASHINGTON — The Treasury Department and Internal Revenue Service (IRS) today issued Notice 2024-49PDF for the Clean Fuel Production Credit. The Inflation Reduction Act allows a credit for the production of clean transportation fuels beginning on January 1, 2025. For purposes of the Clean Fuel Production Credit, transportation fuel is divided […]

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WASHINGTON — The Treasury Department and Internal Revenue Service (IRS) today issued Notice 2024-49PDF for the Clean Fuel Production Credit.

The Inflation Reduction Act allows a credit for the production of clean transportation fuels beginning on January 1, 2025.

For purposes of the Clean Fuel Production Credit, transportation fuel is divided into two broad categories of fuel; sustainable aviation fuel (SAF) and non-SAF transportation fuel.
Read more at https://www.irs.gov/newsroom/treasury-irs-issue-guidance-on-clean-fuel-production-credit

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]]> Topic No. 501 Should I Itemize? | Internal Revenue Service – IRS tax forms https://uahmedcpa.com/tax-season-alerts-and-planning-ahead-for-2023/ Tue, 31 Jan 2023 12:17:52 +0000 https://uahmedcpa.com/?p=653 There are two ways you can take deductions on your federal income tax return: you can itemize deductions or use the standard deduction. Deductions reduce the amount of your taxable income. read more Topic No. 501

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]]> There are two ways you can take deductions on your federal income tax return: you can itemize deductions or use the standard deduction. Deductions reduce the amount of your taxable income.

read more Topic No. 501

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