Tax credits

EV sales grew 12% in the fourth quarter of 2024, pushing the full-year total to a record 1.3 million.

The proposed instructions relate to filing for the research credit.

The agency will send out checks for up to $1,400 to taxpayers who didn't claim the Recovery Rebate Credit.

Having the White House, House and Senate all in control of the same party increases the likelihood that major tax legislation can be agreed upon.

The Inflation Reduction Act extended the tax incentives for clean energy development project developers, and the new rules add more clarity.

Republicans represent congressional districts with 19 of 25 major automaker battery and EV assembly plants in operation or under construction.

With changing tax regulations and incentives, staying informed about the latest updates is crucial for optimizing client outcomes.

President Joe Biden also warned that Donald Trump's plans to extend tax cuts and reshape global trade through tariffs risked reversing economic gains.

A refundable tax credit would carry the same budgetary impact but boost homeownership among lower and middle-income households, a new study says.

The Treasury Inspector General for Tax Administration completed thousand investigations over the past six months that contributed to more than $6.1 billion in tax savings.