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Trump Plans to Eliminate EV Tax Credit
If Trump kills the EV tax credit, what happens if you buy an EV in early 2025?
At this point, many buyers are taking advantage of the credits at dealerships when they buy a car. In the past, they had to wait to claim it on their taxes the following year. Now, there’s the option of transferring their credit to the dealer and getting an instant rebate.
The $7,500 EV tax credit is on Trump’s chopping block
Republicans have long opposed the $7,500 federal tax credit for electric vehicles contained in the Inflation Reduction Act (IRA). Now, it seems
Trump team puts EV tax credit on the block, Tesla is on board: Report
Some electric vehicles and plug-in hybrids are set to get less affordable from next year, it seems. As expected, the incoming Trump administration has set its sights on killing off the IRS clean vehicle tax credit, according to a report in Reuters this afternoon.
CNET on MSN
14h
What the 2024 Election Results Mean for the Child Tax Credit
Studies indicate that the 2021 temporary increase of the credit had a significant impact on childhood poverty. Columbia ...
45m
on MSN
Trump should prioritize middle class tax relief over loopholes that benefit Democrats
President-elect Donald Trump should reward the multiracial and disproportionately working-class coalition that delivered him ...
Center on Budget and Policy Priorities
1d
Premium Tax Credit Improvements Must Be Extended to Prevent Steep Rise in Health Care Costs
Improvements to premium tax credits, enacted in the American Rescue Plan and extended by the Inflation Reduction Act, have ...
1d
on MSN
Guidelines for Making Important Flexible Spending Account Tax Decisions for 2025
Your employer may offer a health care or dependent care flexible spending account during open enrollment. Consider these ...
19h
Louisiana’s Film Tax Credit will be phased out in favor of ‘something different’
The film tax credit has helped attract big-budget companies like G Unit studios to Louisiana. Its owner, Curtis 50 Cent ...
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2024 U.S. Elections
The latest news on national races.
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