Day: January 11, 2024

electric vehicle credit is part of IRS general business credit for businesses; Photo of electric car charging

Maximize the General Business Credit, IRS Section 38

Tax credits are far more valuable to businesses than tax deductions because they reduce your business tax liability dollar for dollar. For businesses, the aggregate value of tax credits may be limited by the general business credit (GBC), found in Internal Revenue Service Code Section 38. To identify more tax-saving opportunities for your business this

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