Employee Tax Expert
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I am a practicing CPA with 30 years of public accounting experience
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Let me answer this in the same order:1) The OBBB eliminates the EV credit sooner than expected on September 30th, 2025 with the tax credit for installing an E...
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Section 121 of the IRS code allows exclusion of capital gains related to the sale of a personal residence for up to $250K for single and $500k for married joint...
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Yes! The gift tax exclusion is $19K for single filers or $38K for married filing joint returns. This will apply to the 2025 tax year and 2026 will be indexed fo...
Activity Feed for kclaywallace
- Got Cheered for Re: Questions re EV Credits under IRC 45W (Commercial Clean Vehicle Credit), IRC 169 (Expenses), IRC 179 (Bonus Depreciation) and IRC 280F (Luxury Auto Depreciation Cap). August 6, 2025 3:01 PM
- Posted Re: Questions re EV Credits under IRC 45W (Commercial Clean Vehicle Credit), IRC 169 (Expenses), IRC 179 (Bonus Depreciation) and IRC 280F (Luxury Auto Depreciation Cap) on Get your taxes done using TurboTax. August 6, 2025 2:42 PM
- Tagged Re: Questions re EV Credits under IRC 45W (Commercial Clean Vehicle Credit), IRC 169 (Expenses), IRC 179 (Bonus Depreciation) and IRC 280F (Luxury Auto Depreciation Cap) on Get your taxes done using TurboTax. August 6, 2025 2:42 PM
- Posted Re: Can I claim the EV tax credit and section 179 (or bonus depreciation) on the same vehicle in the same year? on Deductions & credits. August 6, 2025 2:36 PM
- Posted Re: How to handle Sale of home rented 25 years and converted to personal residence since 2012 on Get your taxes done using TurboTax. August 6, 2025 9:35 AM
- Posted Re: Gift Tax Exclusion on Get your taxes done using TurboTax. August 6, 2025 9:16 AM