Fact checked by Vikki Velasquez The clean vehicle tax credit is designed to encourage you to purchase an electric vehicle (EV ...

The additional tax credit cannot be given to those who file a Form 2555 or Form 2555-EZ, excluding foreign earned income.

Tax savvy tip – filing your tax return every year can make your funds go further. You can potentially: get (or continue to get) the benefit and credit payments you’re eligible for, like the goods and ...

With the arrival of 2025, the official start of tax season is less than a month away, meaning a lot of folks will now begin to seriously consider what options they have for deductions and credits.

Additionally, Republicans are eyeing an even bigger increase to the original child tax credit from the TCJA while Biden-era tax provisions like the electric-vehicle credit are on the chopping block.

Copyright 2025 The Associated Press. All Rights Reserved. A machine is operated at a facility for the Norwegian company Nel, which makes makes devices that take water ...

But they have been stuck in limbo for the last couple years, waiting for official guidance from the U.S. Treasury on lucrative tax credits. The wait ended today, with the Treasury announcing final ...

The new list of PHEVs and EVs that qualify for the federal tax credit includes 18 vehicles ... by taking the amount from line 11 of your Form 1040 and adding any foreign earned income (line ...

Many critical components from the draft rules have remained untouched, such as the amount of the tax credit. In its final form, the rule determines that the tax credit is based on the lifecycle ...

If you’re looking to buy an electric vehicle, a handful of models now qualify for the federal EV tax credit for the first time—including the Tesla Cybertruck. Stricter rules for the $7,500 ...

WASHINGTON, Jan 3 (Reuters) - The Biden administration said on Friday portions of nuclear power plants will be able to secure tax credits to produce clean hydrogen if the credits help to prevent ...

The Biden administration has unveiled new regulations that clarify tax credit eligibility for hydrogen production, aiming to bolster clean energy innovation and retain the economic viability of ...