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29 September 2025

Treasury and IRS finalize regulations related to low-income housing credit average income test

The Treasury Department and IRS on September 29, 2025 issued final regulations (TD 10036) containing recordkeeping and reporting requirements related to the average income test under IRC Section 42(g)(1)(C) for purposes of the low-income housing credit. The final regulations adopt the 2022 proposed regulations (see Tax Alert 2022-1546) with minor modifications. A Tax Alert is forthcoming.

Published by NTD’s Tax Technical Knowledge Services group; Chris DeZinno, legal editor

Document ID: 2025-1951

 

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