If your income changes from yearly, you may find yourself spending more in taxes than you anticipated. This is due to the fact that when your income rises, you may be forced into a higher tax band, resulting in greater tax rates for higher income levels. So, how can...
Qualified EV and FCEV buyers can qualify for an excise tax credit of up to $3,000 beginning July 1, 2023. The tax credit is limited to one car per individual and ten vehicles per corporate organization and is available on a first-come, first-served basis. The...
As of Tuesday, April 18, the amount of electric cars (EVs) that are eligible for the full $7,500 federal tax credit will be significantly decreased due to tougher battery-sourcing restrictions. The US Treasury Department has produced a list of electric and plug-in...
Are you unsure of what credits and deductions you may claim on your 2023 tax return? You’re not the only one! With tax legislation getting increasingly convoluted by the year, it’s difficult to remember which tax incentives are available each year. Keeping this in...
