The Treasury Department and IRS announced on Thursday that they are delaying restrictions on which electric vehicles can be eligible for tax credits under Democrats’ climate and tax bill from earlier this year, drawing ire from Sen. Joe Manchin (D-W.Va.). The...
Even automakers find the IRS’s new EV incentives complicated, but it’ll all be okay… The Internal Revenue Service has released a preliminary list of electric vehicles that qualify for the U.S. federal government’s tax incentives for clean vehicles....
(NEXSTAR) – Tax season is upon us again, with less than 80 days until tax returns are due. If you haven’t filed your taxes yet, that means you still have time to take advantage of some commonly overlooked credits and deductions. As the IRS explains, deductions will...
President Donald Trump vowed throughout his campaign that he’d overhaul the US tax system, simplifying it and putting money back in the pockets of American citizens. Trump’s proposed plan, if enacted, would almost certainly deliver on that first promise:...
• The Right to Be Informed. • The Right to Quality Service. • The Right to Pay No More than the Correct Amount of Tax. • The Right to Challenge the IRS’s Position and Be Heard. • The Right to Appeal an IRS Decision in an Independent Forum. • The Right to Finality. •...
A Mid Year Adjustment Can Prevent a Tax-Time Surprise When it comes to filing a federal tax return. Many people discover that they either get a larger refund or owe more tax than they expected. But this type of tax surprise doesn’t have to happen to you. One way to...
