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Jan. 21, 2025: Congress May Consider Four New Federal Tax Incentives in 2025

With a major federal tax bill anticipated in 2025 and a newly seated Congress, Michael Novogradac, CPA, and Novogradac Director of Public Policy and Government Relations Peter Lawrence look ahead to four new federal tax incentives that could be introduced in 2025. In addition to discussing each of the four proposed incentives–the preservation tax incentive, Neighborhood Homes Tax Credit, Workforce Housing Tax Credit and Office Conversion Tax Credit–Lawrence provides insight into which members of Congress may sponsor each of the various bills as well as what the legislative path forward for each looks like. Summaries of each topic: 1. 00:00 Introduction 2. 07:48 Preservation Tax Incentive 3. 14:44 Neighborhood Homes Tax Credit 4. 20:55 Workforce Housing Tax Credit 5. 28:01 Office Conversion Tax Credit 6. 33:10 Forecast for Incentives 7. 37:38 Final Thoughts 8. 40:35 Off-Mike Section Find podcast show notes and more Tax Credit Tuesday episodes at www.novoco.com/podcast.