Rule lifecycle · RIN:1545-BQ62
Increased Amounts of Credit or Deduction for Satisfying Certain Prevailing Wage and Registered Apprenticeship Requirements; Correction
Department of the Treasury, Internal Revenue Service — observed across 2 documents over 127 days. Use the source documents below before deciding whether this affects your business.
In plain English
The IRS increased the tax credits and deductions available to companies that pay workers government-set prevailing wages and hire workers through registered apprenticeship programs. Check if your business qualifies for these higher credits—meeting the requirements could result in real tax savings at year-end.
First seen
Apr 11, 2024
Last seen
Aug 16, 2024
Latest stage
Rule
PRORULE → RULE
127d
Effective on
Monday, August 26, 2024
Stage timeline
Proposed·Apr 11, 2024
Increased Credit or Deduction Amounts for Satisfying Certain Prevailing Wage and Registered Apprenticeship Requirements; Correction
comments close Oct 30, 2023#2024-07723
Final·Aug 16, 2024
Increased Amounts of Credit or Deduction for Satisfying Certain Prevailing Wage and Registered Apprenticeship Requirements; Correction
effective Aug 26, 2024#2024-17143