New FAQs from the IRS provide guidance on several energy credits and deductions that are expiring under the One Big Beautiful Bill Act (OBBBA) and their termination dates.
Fact Sheet 2025-05, issued on Thursday, Aug. 21, addresses the modification of sections 25C, 25D, 25E, 30C, 30D, 45L, 45W and 179D under the OBBBA.
The FAQs also provide clarification on the availability of the new clean vehicle credit, the energy-efficient home improvement credit and the residential clean energy credit, among others.