Deductions for 179D

Tax payers no longer have to amend the return for 179D with the Revenue Procedure 2011-14, which allows taxpayers to claim this deduction back to 1/1/2006 without filing amended returns, instead file a Form 3115 (Change in Accounting Method) and will take the entire “catch up” deduction on the return that is being filed.

Square Feet Lights      HVAC     Envelope Full Tax
Deduction
50,000 sf      $30k     $30K      $30K  $90K
100,000 sf     $60K      $60K      $60K $180K
300,000 sf     $180K    $180K    $180K $540K