What Does a Trump Administration Mean for Your Child Tax Credit Money?
As the Child Tax Credit nears its reduction after 2025, Republican plans for expanding it are vague. Here's what could happen next year.
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
Federal EV tax credit at risk — how much does it really drive sales?
With the federal EV tax credit on the chopping block, we crunched the numbers to see how much the incentive drives sales.
Automakers plead with Trump: don’t kill the EV tax credit
The auto industry is sending an urgent message to President-elect Donald Trump: spare the $7,500 electric vehicle tax credit. In a November 14th letter to Trump and his transition team, the auto industry’s main lobbying group urges the new administration to preserve incentives for EV buyers and manufacturers that were enacted under President Joe Biden,
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.
Automakers urge Trump to preserve EV tax credits, boost self-driving cars
A group representing major automakers including General Motors, Toyota Motor Corp, and Volkswagen urged President-elect Donald Trump to retain key tax credits for electric vehicle purchases and take steps to speed deployment of self-driving cars.
EVs are ‘the future’ even if Trump kills tax credit, Hyundai exec says
Hyundai Motor Group’s José Muñoz says Georgia manufacturing investment was spurred by U.S. market demand, not federal incentive programs.
Trump may roll back $7,500 EV tax credit
President Biden implemented a tax credit of up to $7,500 to incentivize the purchase of greener vehicles. However, sources with knowledge of the matter told Reuters that Trump plans to ax the tax credit as part of his sweep of Biden's climate agenda.
Trump's cut to Biden's EV tax credit, backed by Musk, may impact auto industry, experts say
Automotive experts reveal their thoughts on President-elect Trump reportedly considering a slash to the tax credit for ...
Tesla Puts Incentives On Blast As Tax Credit Comes Under Threat
Tesla is making it clear that the tax credit is critical to Model Y and Model 3 pricing. The price with the incentive is now ...
Louisiana Production Tax Credit Safe As State Lawmakers Pass Sweeping Reform Bill
Louisiana lawmakers saved the state’s tax credit as part of a sweeping set of fiscal reform bills that are headed the ...
Tax Credit vs. Tax Deduction: What’s the Difference?
Your guide to tax deductions and credits, how the IRS treats them differently, and how they impact your tax bill.
Get ready for a big tax credit with Window Depot
If you're looking for money and you can't seem to find any, you might have a tax credit that will help you out.
Louisiana Senate Committee Votes to Keep Film Tax Credit While Lowering Cap to $125 Million
The Louisiana Senate has proposed keeping the film incentive, though with a reduced cap, after the House voted to repeal it ...
Tax Write-Off vs. Tax Deduction vs. Tax Credit: What's the Difference?
Understand the differences between a tax write-off, a tax deduction and a tax credit. Learn how each one works to reduce ...
Premium Tax Credit: Are You Eligible For This Health Insurance Tax Break?
The tax credit can help qualifying individuals pay for coverage from the Affordable Care Act’s health insurance marketplace.