The IRS is limiting which vehicles qualify for the Biden administration's electric vehicle tax credit. John Milikowsky, founder of Milikowsky Tax Law joined CBS news to discuss the changes, and discusses the IRS's annual list of scams that tax-
Tesla's Model Y model and other electric vehicles from auto manufacturers including Ford, General Motors and Volkswagen will now qualify for afederal tax credit of $7,500, the IRS said Friday. The change comes after the U.S. Treasury Department revised its vehicle classifications ...
The IRS provides a can't-miss link where individual taxpayers can make their payments directly online.2Another option is the Electronic Federal Tax Payment System although you have to enroll to use this site.3 The "Get Transcript" tool is a handy link. It shows you both your overall balance...
To qualify for this deduction, the miles must have been driven for qualifying business, medical, moving or charity purposes, and you may have to itemize on your return to claim the tax break. Rates are valid for electric, PHEV, gas and diesel-fueled cars. 2025 IRS mileage rates On Dec. ...
IRS announced today that eligible Wyoming taxpayers can now use a new service that provides taxpayers with the choice to electronically file their federal tax return with the IRS for free. Direct Fileis an interview-based service that will work on cell phones and laptops, tablets, as we...
You must complete IRS Form 5695 if you qualify to claim the non-business energy property credit or the residential energy-efficient property credit.
Joe Biden is spending more than 7 trillion dollars this fiscal year. The treasury brings in just a little more than half the amount. The choices are then to borrow, print, or shake down taxpayers for more. The wealthy have armies of tax lawyers. You don’t. The boys at the IRS may ...
The IRS announced the higher limits for the federal income tax bracket and standard deductions in November. The increase is intended to avoid a phenomenon known as "bracket creep," which happens when taxpayers are pushed into higher-income brackets even though their purchasing power is essentially ...
Democrat House Representatives Sean Casten and Lauren Underwood introduced The Taxpayer Extension Act, which proposed to extend theApril 15, 2019 Federal Tax Return deadlineto May 20, 2019. This provides 35 additional days for taxpayers to file their returns due to recent tax reform and the gover...
As the IRS notes, for nine out of ten tax filers it takes a maximum of 21 days to receive a tax refund (when eligible) after their tax return has been accepted. But this is still just an estimate based on past IRS refund schedules and not a guarantee. Fu