2026 Federal Tax Rate Card
The Section 30C alternative fuel vehicle refueling property credit is for property that stores or dispenses clean-burning fuel or recharges electric vehicles. The credit is worth up to $ 100,000 per item( each charging port, fuel dispenser or storage property). The OBBBA eliminates the credit for property placed in service after June 30, 2026.
If you’ re considering one of these clean energy investments, you may want to act soon so you can be eligible for the associated tax break before it’ s eliminated.
Restored full expensing for research and expenditures( R & E).
The OBBBA permanently allows taxpayers to fully expense R & E paid or incurred in taxable years beginning after Dec. 31, 2024. As a result, companies may once again deduct domestic R & E costs in the year incurred( foreign R & E remains subject to a 15- year amortization requirement). The legislation also provides an option to amortize domestic R & E expenses over five or 10 years, offering additional flexibility for tax planning.
Plan Now
The tax code is constantly changing, and the OBBBA continues to bring a lot to unpack. Knowing how these updates affect your business can make a real difference. Contact us to explore key provisions and uncover planning opportunities. We can help you create a strategy to lower your tax burden and keep your cash flow on track
About the Author
JAMES O’ RILLEY, CPA
PRINCIPAL, DOEREN MAYHEW ASSURANCE PRINCIPAL, DOEREN MAYHEW ADVISORS, LLC orilley @ doeren. com
Jim brings more than 35 years of experience to his role as the firm’ s national practice leader of the Tax Group, guiding domestic businesses and high-net-worth clients in an evolving tax and business landscape.
Smaller businesses( revenues less than $ 31 million based on average annual gross receipts for tax years 2022 – 2024) have a unique opportunity to amend prior-year returns. This allows them to potentially claim significant refunds for R & E costs that were previously capitalized under prior law. To take advantage of these retroactive benefits, amended returns must be filed by July 4, 2026.
2026 Federal Tax Rate Card
Planning for 2026 taxes starts with knowing the rates that impact you. Download our 2026 federal tax rate card to stay informed and plan with confidence.
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