Incentives and price cuts made Tesla electric cars cheaper than comparable gasoline models. But the company faces growing competition in China, a key market.
Category: Tax Credits, Deductions and Exemptions
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E.V. Ride-Sharing Programs Bring Cleaner Transportation to Low-Income Communities
An innovative E.V. ride-sharing program is bringing low-cost clean transportation to an agricultural town in California’s Central Valley. Others are following suit.
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States Try Easing the Burden of Long-Term Care’s High Cost
Seeing their own financial benefits, too, Washington and California are among the states creating programs to help older residents.
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Netanyahu Trial Gets a Hollywood Mention From a Political Rival
Yair Lapid, a former colleague and now nemesis of Prime Minister Benjamin Netanyahu, testified that he had been asked to help a wealthy film producer with a tax break.
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Energy Tax Credits, Meant to Help U.S. Suppliers, May Be Hard to Get
The Inflation Reduction Act contains tax breaks for solar and wind companies to buy American equipment. Qualifying won’t be easy.
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Contributions to College Savings Plans Pick Up as Inflation Eases
Deposits into 529 savings accounts fell last fall and early this year. But experts say the stock market recovery is helping to attract more money.
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How the Employee Retention Tax Credit Became a Magnet for Fraud
The Employee Retention Credit has spawned a cottage industry of firms claiming to help businesses access stimulus funds, often in violation of federal rules.
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I.R.S. Acknowledges Black Americans Face More Audit Scrutiny
The commissioner, Daniel Werfel, said the agency was working to correct unfairness in the enforcement of the tax code.
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U.S. Solar Makers Criticize Biden’s Tax Credits as Too Lax on China
U.S.-based manufacturers of solar products say rules issued by the Biden administration on Friday will “cement China’s dominance” over the solar industry
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Biden’s Climate Tax Breaks Are Popular, Driving Up Law’s Cost
A law to boost clean energy appears to be more potent than predicted, with big implications for both budget talks and efforts to fight climate change.
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You Can Still File Your 2019 Taxes if You’re Due a Refund
The forms were originally due in the early days of the pandemic. The I.R.S. estimates that 1.5 million people are owed money, but they must file by July 17.