Some EV tax credits risk being rejected by IRS on 2024 returns for long list of reasons
The EV tax credit saw a major revamp in 2024, which enabled some buyers to benefit at the point of sale. But some tax ...
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Most Taxpayers Don’t Understand How Tax Credits Actually Work
Key Points The majority of Americans don’t understand the difference between a tax deduction and tax credit. Tax credits are ...
Republicans seek to protect green tax credits in budget bill
A group of Republican lawmakers urged the House committee drafting President Donald Trump's proposed tax cuts in the upcoming ...
Tax Write-Off vs. Tax Deduction vs. Tax Credit: What’s the Difference?
While deductions and credits can both positively impact your tax bill, credits can have the most influence. With a deduction, you are only reducing the amount of income subject to tax, but a credit ...
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Council considers renewing Southern Park Mall's tax incentive
Since 2022, the Southern Park Mall has benefited from Community Reinvestment Area Program tax incentives. The program offers ...
21 House Republicans ask leadership to limit changes to energy tax credits in reconciliation
A group of 21 House Republicans is asking a key committee to limit changes to energy tax credits passed under Democrats as ...
Colorado EV owners again dealing with $5,000 tax credit denials
Colorado electric truck owners are facing tax credit denials due to truck weight disputes, despite meeting listed criteria.
Analysis: Would proposed cuts to incentives make up for Iowa corporate tax cuts?
Iowa's corporate income tax revenue declined $242 million from 2022 to 2024. Would cutting research and jobs tax credits help ...