Since 2010, the federal government has incentivized the purchase of new electric vehicles with tax credits. To date, many EV and plug-in hybrid (PHEV) buyers have benefited from this program. But how exactly does the tax credit work, and which cars are e
So if you’re on the lookout for a new electric car, and want to be able reclaim some of the listed price, here are the electric cars that are still eligible for the $7,500 federal tax credit. Nissan Leaf (Image credit: Nissan) The Nissan Leaf is one of the least expensive electric...
Which EVs Still Qualify for a Federal Income Tax Credit? Sebastian Blanco | May 26, 2023 As of April 18, 2023, the federal income tax credit rules for electric vehicles (EVs) and plug-in hybrid electric vehicles (PHEVs) changed. The previous law that only considered battery capacity is go...
Economist Peter Morici reacts to the Fed signaling that it could cut interest rates three times in 2024, on 'Varney & Co.' TheFederal Reserveis set to begin the New Year after it signaled that a momentous shift in monetary policy is underway amid signs that high inflation is finally beginn...
a cap of $5,000 per single filer for your combined personal property taxes. If you’re married filing jointly, that cap increases to $10,000. For households with multiple vehicles, including luxury items like boats and RVs, it may be fairly easy to reach that limit during the tax year....
“Literally thousands of empty buildings, not just in America, but around the world, paid for with your tax dollars!” Musk wrote in a follow-up X post. Per The Daily Mail, Ernst is sponsoring a DOGE-related bill, titled the REMOTE Act, which will permit “software to monitor bureaucra...
the Government proposes to cut taxes on electric cars. From 1 July 2022, battery, hydrogen fuel cell and plug-in hybrid electric cars will be exempt from fringe benefits tax and import tariffs if they have a first retail price below the luxury car tax threshold for fuel-efficient cars. The...
Musk made the comments in response to a post on X about billionaire investor Warren Buffett's Berkshire Hathaway increasing its stockpile of cash equivalents and short-term treasuries after paring back its stock positions, including that of its largest holding, Apple. "He is clearly expecting a ...
when he was arrested at his Hayward residence to the surprise of neighbors, who knew him as a nice person with a taste for luxury cars.Prosecutors said Peng, under orders from a handler in China, left cash in hotel rooms in exchange for classified national secu...
Kashkari said in March that he thought the Fed would need to deliver two interest rate cuts in 2024, but that he may mark that down to just one cut or even no cuts, depending on the data, when the central bank meets next month when fresh projections will be released by policymakers. ...