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Investment Tax Credit in New York
Investment Tax Credit Services in New York That Maximize Your Return
At Presti & Naegele, we help businesses across New York State make the most of the investment tax credit—a federal tax benefit that encourages innovation, expansion, and energy efficiency. Whether you’re investing in new equipment, property improvements, or clean energy systems, we ensure your capital investments yield substantial tax savings.
With over four decades of experience in tax strategy and advisory, we offer expert guidance to help you properly claim, optimize, and remain compliant with the investment tax credit. Our approach translates complex tax rules into practical financial wins for companies operating throughout New York—from Buffalo to Albany to the Hudson Valley.
No matter your location in New York State, we tailor investment tax credit strategies to your specific industry and goals.
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Investment Tax Credit
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What Is the Investment Tax Credit?
The investment tax credit (ITC) allows New York State businesses to reduce their tax liability based on the cost of certain capital investments. Unlike typical depreciation, the ITC offers a direct credit—making it an especially attractive option for companies reinvesting in infrastructure and innovation.
Qualifying investments often include:
✔ Solar panels, geothermal systems, and other green energy upgrades
✔ Commercial-use equipment and manufacturing machinery
✔ Research and development spaces and tools
✔ Software and tech infrastructure improvements
At Presti & Naegele, we evaluate your investments throughout New York State to ensure every eligible expense is accounted for.
Strategic Support for Every Step of Your Investment Tax Credit Claim in New York
The process of securing the investment tax credit involves more than paperwork. It requires strategic planning, precise documentation, and a clear understanding of tax law. Presti & Naegele offers that expertise to businesses all across New York State.
Our investment tax credit services include:
✔ Eligibility assessments for each asset
✔ Calculations based on federal and state-level tax rules
✔ Coordination with your accounting or finance team
✔ Full documentation support, including audit preparedness
We help New York State businesses align their investment plans with optimal tax benefits.
Who Can Benefit Most From the Investment Tax Credit in New York?
For companies making substantial capital improvements across New York State—whether it’s upgrading facilities, installing clean energy, or modernizing systems—the investment tax credit can significantly reduce tax liabilities while driving long-term growth.
Industries we often work with throughout New York include:
✔ Construction and Architecture
✔ Manufacturing and Industrial Services
✔ Healthcare and Medical Offices
✔ Real Estate and Hospitality Firms
✔ Technology and Software Companies
If your business in New York State has recently made or is considering a large investment, now is the time to explore your ITC options.
Long-Term Benefits in New York Beyond the Tax Year
Beyond immediate tax savings, the investment tax credit also delivers long-term value. Businesses across New York State often gain:
✔ Improved cash flow from tax reductions
✔ Increased ROI on major purchases
✔ Strategic planning through tax-efficient timing
✔ Less audit risk through complete, proactive documentation
Even after your credit is claimed, we remain engaged—tracking legislative changes and identifying additional savings opportunities for New York-based companies.
Why Choose Presti & Naegele for Your Investment Tax Credit Strategy in New York?
Presti & Naegele offers more than general tax services—we deliver specialized guidance built on over 40 years of hands-on experience. That’s why businesses across New York State trust us with their investment tax credit strategy.
✔ Tailored advice matched to your investment and industry
✔ Full-service support from claim planning to audit readiness
✔ Trusted track record with thousands of satisfied clients
✔ Industry knowledge adapted to the diverse sectors of New York
When it comes to maximizing the investment tax credit across New York State, we’re the team businesses rely on for clear results.
Turn Capital Spending Into Strategic Tax Savings in New York
Too often, companies throughout New York State focus on the operational benefits of their investments—like efficiency, growth, or modernization—without realizing those moves can also unlock tax-saving potential through the investment tax credit.
At Presti & Naegele, we help businesses rethink how they approach capital spending. These aren’t just purchases—they’re opportunities to lower your tax burden and boost financial return.
Whether you're installing solar panels in Syracuse or upgrading equipment in Westchester, we make sure your investments align with the ITC for maximum impact.
By involving us early, businesses across New York gain a forward-looking tax strategy that supports compliance, savings, and long-term success.
Investment Tax Credit New York
FAQs
1. How do I know if my business qualifies for the investment tax credit?
Eligibility for the investment tax credit depends on the type of investment made and current federal guidelines. Common qualifying investments include renewable energy installations, manufacturing equipment, and certain improvements to commercial property. Our team conducts a comprehensive review of your capital expenditures to determine credit eligibility and ensure all qualifications are met.
2. Can I still claim the investment tax credit if I lease equipment instead of buying it?
Yes, in some cases you may still be eligible to claim the investment tax credit even if the equipment is leased, depending on the lease structure and who retains ownership. Presti & Naegele can analyze your lease agreements to determine whether the credit applies and how to claim it accurately.
3. Is the investment tax credit available at the state level too?
While the investment tax credit is a federal program, some states offer their own versions or incentives that work in tandem with the federal ITC. We provide both federal and state-level tax planning to help you capture every available benefit.
4. What documentation do I need to claim the investment tax credit?
To claim the investment tax credit, you’ll need purchase receipts, installation records, proof of use, and potentially third-party certifications (such as for energy-efficient systems). We help you prepare all necessary documents and ensure your records are audit-ready.
5. When should I involve a tax advisor in planning for the ITC?
Ideally, you should consult a tax advisor before making an investment to ensure your plans align with ITC eligibility and maximize benefits. However, even post-purchase, our team can assess your past transactions for potential claims and develop a forward-looking tax strategy.
Ready to See How Much You Can Save?
Schedule a consultation today with Presti & Naegele and discover how our investment tax credit expertise can help you reduce your tax liability, boost ROI, and make smarter investment decisions. Let’s turn your capital investments into powerful tax advantages.
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I have had my business for more than 10 years and struggled through several *truly awful* accountants. I found Presti & Naegele about 5 years ago and have never looked back. They are a life-changing breath of fresh air and they will be my accountants for as long as I live.
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