The Devil is in the Details – New Tax Deduction for Construction Businesses
Tax codes are a lot like building codes: the devils, and the dollars, are in the details. Consider the IRS’s new Domestic Production Activities (DPA) deduction. This tax break, which applies to income from construction activities, allows builders to take a deduction equal to three percent of qualifying incomes in 2005 and 2006; six percent in 2007, 2008 and 2009; and nine percent from 2010 on. View full article (PDF).
This article first appeared in BUILDERnews Magazine.