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How the new tax law reshapes workforce development for contractors
Two major education funding changes in President Trump’s new tax law open opportunities for HVACR contractors that didn’t exist before. Families can now use college savings accounts for trades training, and federal grants will cover short-term certification programs starting in 2026.
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President Trump signs the “one big, beautiful bill” — what does it mean for contractors?
President Trump signed his “one big, beautiful bill” into law on July 4 after a nail-biting final push in the House. Here’s how HVACR contractors can expect its changes to affect their businesses.
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ACCA Urges Congressional Leadership to Protect Pro-Contractor Tax Policies
ACCA President & CEO Barton James recently sent a letter to Congressional leadership urging them to address looming tax changes that could significantly impact small businesses in the HVACR industry.
Often, HVAC businesses are forced to deduct an asset’s value over several years. However, Section 179 allows you to take the entire depreciation deduction of certain equipment in a single year. Learn more in this blog from ACCA Corporate Partner ECI Thermogrid.
In a significant move towards enhancing taxpayer experience, the IRS has unveiled its ambitious plan to develop a government-run, free tax filing program, Direct File. The IRA of 2022 directed the IRS to study the possibility of a free, direct e-file program. See who qualifies here.
Contractors need to be familiar with heat pumps, especially if they haven’t worked with them much in the past. Check out this blog post to learn more about the changes, challenges, and opportunities that come with electrification.