Tax credits

The Biden administration is privately warning about Republican efforts to cut the Internal Revenue Service's budget.

There's a catch buried in the law: Projects that don't meet certain new wage and labor requirements only get a fraction of the credit.

The board voted to approve an update that would enable more companies to opt for a proportional amortization accounting method for their tax credit investments.

The changes in the U.S. drop the price of Model 3 sedans and certain Model Y SUVs below the caps they needed to come under to qualify for as much as $7,500 electric vehicle tax credits.

Engineered Tax Services has acquired grant education and training firm J.E. Salazar & Associates as well as R&D credit advisory firm Tax Credit Advisors.

You don't have to look hard for examples of where the IRS is enforcing the law more effectively.

Buying certain electric cars in the U.S. just got cheaper, thanks to new tax credits meant to phase out gasoline-guzzlers.

The U.S. government has angered Tesla's Elon Musk and handed welcome news to other automakers like Hyundai with guidance on which electric vehicles will qualify for tax credits in the coming months.

New notices and a new FAQ clarify some of the provisions of the Inflation Reduction Act for qualifying for the Clean Vehicle Credit.

A new FAQ from the IRS on the Clean Vehicle Credit suggests some flexibility on rules requiring the cars to be made in North America.