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A tax credit lowers the amount of money you must pay the IRS. Not to be confused with deductions, tax credits reduce your final tax bill dollar for dollar. That means that if you owe Uncle Sam $5,000, a $2,000 credit would shave $2,000 off your total tax bill and you would only owe $3,000.
The Inflation Reduction Act of 2022 (the Act) allows certain tax credits to be transferred for cash. The rules can be found in Section 6418 of the Internal Revenue Code.
Tax credits can only be sold in exchange for cash. Income earned from the sale of the tax credits is not considered gross income for U.S. federal income tax purposes and therefore is not subject to tax.
Any business that has generated certain tax credits under the IRA 2022 can sell tax credits. A list of these credits can be found here at 6418(f)(1)(A).
If you have other credits that you want to sell, please contact us.
Any individual or business with tax liability in the United States. If you have a tax liability, buying tax credits can reduce your tax liability more than the cost of the tax credit. There may be limits so please consult with your tax advisor.
Please reach us at if you cannot find an answer to your question.
Transactional data: GoDaddy Payments is used to facilitate all financial transactions. As a result, all transactional data for both buyers and sellers are stored on their servers. GoDaddy Payments is an industry leader in payment processing and uses best-in-class security mechanisms. We do not have any of your transactional data on our servers.
Personal Data (PII): All your personal data that is used to create an account, to make a listing or a bid, is kept on GoDaddy cloud servers. We use a Godaddy as a cloud provider which has all the industry standard security features (ie. encryption at rest and in transit; CPSM, intrusion detection; IAM).
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