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Businesses Who Take ARRA’s Energy-Saving Steps This Year May Get Bigger Tax Savings Next Year


The recently enacted American Recovery and Reinvestment Act (ARRA) of 2009 contained a number of either new or expanded tax benefits on expenditures to reduce energy use or create new energy sources.

The Internal Revenue Service reminds businesses that many energy-saving steps taken this year may result in bigger tax savings next year. IRS encourages businesses to explore whether they are eligible for any of the new energy tax provisions.

An IRS Fact Sheet on Energy Provisions of the American Recovery and Reinvestment Act of 2009, provides a listing of ARRA energy provisions. More information on the wide range of energy items is also available on the special Recovery section of IRS.gov.

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