TAX

TL/DR - The Inflation Reduction Act is promoting broader participation in affordable housing and a renewed focus on sustainability, according to panelists at Baker Tilly's 2024 DevelUP conference. It was described as a significant opportunity for wealth creation due to the tax credit changes it introduced. The Act's Section 45 tax credit expanded…

TL/DR - The US Congress’ Joint Committee on Taxation (JCT) has posted a resource explaining the SECURE 2.0 Act of 2022 and other tax provisions enacted in the 117th Congress. The "Bluebook" provides descriptions of over 170 tax provisions across eight different Acts, including the American Rescue Plan Act of 2021 and the Consolidated…