Tax credits

Rev. Proc. 2025-32 from the Internal Revenue Service detailed a number of changes, including a rise in the standard deduction to $32,200 for married couples filing jointly.

The Internal Revenue Service is taking steps to make sure taxpayers and tax preparers can reflect OBBBA changes in 2025 tax returns.

The comment period has been extended to March 31, and the extra 45 days to perfect R&D claims is now available Jan. 10.

The One Big Beautiful Bill Act is abruptly curtailing the $7,500 tax credit for new electric vehicles and $4,000 for used EVs.

The imminent expiration of tax credits for electric vehicles is slowing sales and competition among charging station operators.

Congress did not simply extend the Tax Cuts and Jobs Act provisions starting in 2026 with the One Big Beautiful Bill Act; it also modified some of those provisions effective in 2025.

Democratic demands include extending expiring Obamacare premium tax credits and reversing cuts to Medicaid made in Trump's signature tax law.

The market for transferable tax credits for clean energy grew in the past year, but moves by the Trump administration blocked wind and solar energy.

Lawmakers introduced two pieces of legislation to completely eliminate taxes on Social Security benefits and extend the premium tax credits for health insurance for one year

General Motors will launch the Chevrolet Bolt electric vehicle in December with one shift at its plant in Kansas, less than the two shifts initially planned.

The OBBBA accelerated the termination of credits for facilities that use wind or solar to produce electricity.

The dozen states that implemented a refundable CTC program in the wake of the pandemic held down child poverty rates relative to states that didn't act.

The Internal Revenue Service issued answers to frequently asked questions about the soon-to-expire tax credits for solar and wind power and electric vehicles.

The Internal Revenue Service is disputing claims that spread on social media last week about $1,390 stimulus checks being mailed to taxpayers.

The Trump administration tightened long-standing eligibility requirements for clean energy tax credits.

A Treasury Department decision due next week threatens to undermine the financial viability of hundreds of planned clean energy projects.

The Internal Revenue Service needs to do more to raise awareness of the adoption tax credit and plans to conduct more outreach, according to a new report.

The legislation involves a 'thoughtful phaseout,' while leaving some investment opportunities, says one expert.

House Speaker Mike Johnson is betting the upfront rewards from President Donald Trump's tax law will carry his party in the 2026 midterm elections.

The new Trump tax law and the expanding scope for automation are creating major opportunities for tax credit experts.