Trump may end the $7,500 EV tax credit. Elon Musk and Tesla would reap the rewards
The $7,500 tax credit for buyers of electric vehicles could be vanishing early in the new Trump administration, but that might actually be good news for Tesla and its CEO Elon Musk, one of President-elect Donald Trump’s most prominent backers.
If Trump kills the EV tax credit, what happens if you buy an EV in early 2025?
At this point, many buyers are taking advantage of the credits at dealerships when they buy a car. In the past, they had to wait to claim it on their taxes the following year. Now, there’s the option of transferring their credit to the dealer and getting an instant rebate.
The sweeping legislation made some changes permanent—like corporate tax cuts—but others are set to expire at the end of 2025.
Studies indicate that the 2021 temporary increase of the credit had a significant impact on childhood poverty. Columbia ...
Cancelling the U.S. electric vehicle tax credit would be counterproductive and cede ground to car-makers in China, U.S.
Live organ donors in Michigan can get a tax credit of up to $10,000 thanks to a new bill Gov. Gretchen Whitmer signed into ...
Improvements to premium tax credits, enacted in the American Rescue Plan and extended by the Inflation Reduction Act, have ...
Your employer may offer a health care or dependent care flexible spending account during open enrollment. Consider these ...
Bills t cut business tax rates and end credit for filmmakers and historic preservation move to Senate, along with sales tax ...
Results that may be inaccessible to you are currently showing.
Hide inaccessible results
Feedback