The Republicans' signature tax cut and spending package – dubbed the "big, beautiful bill" – that was signed into law last week touts tax deductions on tips and overtime pay, and also includes a tax ...

Here's a practical, plain-English guide to how the electric vehicle tax credit will work in 2024 — including why you may also consider leasing a car. What's new for 2024: instant rebate.

Buyers have until Sept. 30 to qualify for the credit now that Congress has passed the spending bill, which ends the program.

Click here to read NPR's 2024 guide to this tax credit. The following story describes how the credit worked in 2023. Uncle Sam wants you to buy an electric vehicle. And he's willing to throw ...

Sweeping tax and budget legislation approved by Congress on Thursday means $7,500 tax credits for buying or leasing new ...

At the same time, the IRS issued Fact Sheet 2022-42, a set of frequently asked questions that address how the IRA revised the clean vehicle credit, and provide a variety of related information.. The ...

On Thursday, the Internal Revenue Service published a draft of new guidance for the $7,500 clean vehicle tax credit and said that starting on April 18, it will begin enforcing the domestic ...

IRS data indicates that only 7% of consumers who were eligible for a new clean vehicle tax credit between Jan. 1 and Oct. 1, 2024, opted to receive the credit when they filed their taxes, Allen said.

Officials from the U.S. Department of the Treasury and IRS on Tuesday highlighted they have given more than $2 billion in incentives toward the delivery of more than 300,000 “clean” vehicles ...