Category: Tax Credits, Deductions and Exemptions

Volkswagen Sees Electric Vehicles as a Way to Grow in the U.S.

It and other foreign automakers are trying to exploit upheaval caused by new technology to gain market share from their dominant rivals.
Meet the Diplomat Who Shaped Biden’s Global Economic Policy

Mike Pyle, who will leave the administration later this month, helped broker agreement with Europe and other allies over clean energy, China and Russian sanctions.
Money in College Savings Accounts Can Now Go Toward Retirement

But there are caveats to moving the money into Roth I.R.A.s, and the government still has to issue guidelines about the option.
This Arctic Circle Town Expected a Green Energy Boom. Then Came Bidenomics.

Generous subsidies are helping the United States steal green industries from Europe, as countries race to secure the energy supplies of the future.
U.S. Debt on Pace to Top $54 Trillion Over Next 10 Years

Congressional Budget Office projections released on Wednesday said a growing economy and recent spending cuts had slowed deficits.
Tax Bill Moves Forward, but Election-Year Politics Threaten Its Chances

Republicans planned on Wednesday to push a $78 billion bipartisan tax bill through the House. The effort is a test of whether a dysfunctional Congress can pass major legislation in an election year.
Global Economy Is Heading Toward ‘Soft Landing,’ I.M.F. Says

The International Monetary Fund upgraded its growth forecasts and offered a more optimistic outlook for the world economy.
Tesla Profit Doubles From Tax Effect, but Price Cuts Hurt

Quarterly earnings soared from a year earlier after the company booked a tax benefit, but increased competition and a price war took a toll, the electric-car maker said.
Electric Vehicle Charging Tax Credits Will Be Available in Much of Country

Biden administration officials opted to make a broad set of locations eligible for the tax credits, covering much of the country outside of major cities.
What’s in the New Tax Deal?

Budget watchdogs warn that temporary changes to the tax code that are being debated on Capitol Hill will lead to more deficits in the long run.
Lawmakers Strike Tax Deal, but It Faces Long Election-Year Odds in Congress

A $78 billion package to revive an expansion of the child tax credit and expired business breaks has drawn bipartisan support in the House and Senate.
Flush With Investment, New U.S. Factories Face a Familiar Challenge

Worries are growing in Washington that a flood of Chinese products could put new American investments in clean energy and high-tech factories at risk.