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.
Category: Tax Credits, Deductions and Exemptions
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Electric Vehicle Tax Credit Rules Create ‘Chaos for Consumers’
Buying an electric car has become much more complicated because of restrictions on which models qualify for a federal tax credit of up to $7,500.
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Tesla’s Profit Dropped Sharply in First Quarter as It Cut Prices
The electric carmaker has reduced prices by thousands of dollars this year to bolster demand and fend off competition.
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U.S. Car Brands Will Benefit Most From Electric Vehicle Tax Breaks
Rules that take effect on Tuesday will limit the $7,500 credits to electric cars made domestically with minerals from the U.S. or trade allies.
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What to Know About Buying Electric Cars and the New Emissions Rule
Here is what car buyers need to know about the Biden administration’s proposal to push the auto industry to sell more electric cars.
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Automakers Face Test in Reaching U.S. Target for Electric Vehicles
New federal rules are expected to speed the transition to E.V.s, a shift that car companies have embraced but will be challenged to carry out.
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A Push to Turn Agriculture and Farm Waste Into Fuel
Climate change provisions in the Inflation Reduction Act have spurred developers to build ambitious renewable energy projects that turn corn into ethanol and manure into methane.
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Tesla Sales Jumped in the First Quarter
The New York Times – Business:The electric car company’s decision to slash prices appears to have paid off in reviving demand.
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Biden and E.U. Leader to Discuss Ukraine and Trade Spat
The New York Times – Business:President Biden and the European Commission president are set to discuss how to effectively counter Russia and a potential trade deal for electric vehicles.
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Biden’s $6.8 Trillion Budget Proposes New Social Programs and Higher Taxes
The New York Times – Business:The president proposed trillions of dollars in new spending that has no chance of passing a Republican House, even as he sought to reduce deficits by raising taxes on business and the rich
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IRS Decision Not to Tax Certain Payments Carries Fiscal Cost
The New York Times – Business:The Biden administration has opted not to tax state payments to residents, a decision that could add to the nation’s fiscal woes.