Insights &#038; Resources

Motor Fuels Tax Minute, Episode 8

We continue to discuss the Inflation Reduction Act this week. Join our MFT team for an overview of the fuel tax provisions, specifically, the reinstatement of the hazardous Superfund financing fee.

Budget Bill Reinstates Superfund Taxes on Oil and Petroleum Products

The recently signed Inflation Reduction Act of 2022 reinstates Superfund excise taxes on crude oil and imported petroleum products for the first time since 1995.

Inflation Reduction Act: Renewable Energy Tax Credits

The Inflation Reduction Act of 2022, includes a number of the renewable energy tax provisions originally contained in the Build Back Better Act.

The Inflation Reduction Act: Clean Fuels Tax Credits

The Inflation Reduction Act extends the biodiesel & alternative fuel credits, provides a new credit for sustainable aviation fuel and much more.

Motor Fuels Tax Minute, Episode 7

The Inflation Reduction Act is the topic for this week’s Motor Fuels Tax Minute. Join our hosts for an overview of the new legislation and its impact on the fuel taxes and credits.

Tenant Improvements: Considering the Tax Implications

Making improvements to a rental property may have tax implications for landlords and tenants. Find out more.

Motor Fuels Tax Minute, Episode 6

This week on the Motor Fuels Tax Minute our team discusses the gasoline blendstock certificate which identifies products that are taxed similar to gasoline.

A Look at What’s in the Inflation Reduction Act of 2022

Weaver's tax professionals have reviewed the legislation signed by President Biden on Tuesday, August 16, and highlight its key provisions here.

Motor Fuels Tax Minute, Episode 5

On this episode, Leanne Sobel and Emilda Santiesteban discuss products that are defined as gasoline blendstocks for the purpose of the federal excise tax as well as those defined as taxable chemicals subject to the Superfund tax.

A “Portability” Election Can Preserve More Wealth for Future Generations

An upcoming reduction in the amount of an estate that can be passed on to heirs without paying taxes has many families wondering if they will have a large tax bill upon the death of a loved one. Currently, this tax-free amount, known as the unified credit or exclusion amount, is $12,060,000, but it is set to decline in 2026 to $5 million (adjusted for inflation). Likewise, tax rates will increase in 2026 to 45% from the current top rate of 40%.