Posts Tagged ‘ IRS ’

PRO Act Passes the House but Fate in Senate Remains Unknown

Apr 15th, 2021

The Protecting the Right to Organize (PRO) Act passed in the U.S. House of Representatives (HR 482) March 9, seeking to redefine what constitutes an independent contractor. That move has everyone from union leaders, to small businesses trying to figure out what it means for their companies and organizations. The bill will now be debated in […]

IRS: Tax Deductions Allowed for Home Equity Loans

Feb 23rd, 2018

This week, the Internal Revenue Service (IRS) released a statement clarifying that taxpayers can continue to deduct interest paid on home equity loans. That could give a boost to the residential renovation industry, including manufacturers and installers of replacement doors and windows. “WDMA is pleased that the IRS has made this decision quickly,” said Window […]

Tax Credits for Doors and Windows: By The Numbers

Apr 20th, 2017

The end of the 2016 tax season on Tuesday also marked the end of tax credits for homeowners who installed energy-efficient doors and windows, because Congress didn’t vote to extend them. But how many people actually took advantage of those tax breaks in recent years, and which credits were the most popular? According to numbers […]