Category: Tax Credits, Deductions and Exemptions

Trump Tax Returns Undermine His Image as a Successful Entrepreneur

The New York Times – Business:
The release of former President Donald J. Trump’s private tax documents by the House Ways and Means Committee shows heavy losses from his own ventures as he continued to cash in on inherited assets.
Which Electric Vehicles Qualify for Federal Tax Credits?

The New York Times – Business:
Here is a partial list of electric and plug-in hybrid vehicles that will qualify for federal tax credits in 2023.
Tax Credits for Electric Vehicles Are About to Get Confusing

The New York Times – Business:
Foreign-made cars no longer qualify. Tesla and G.M. are eligible again. But officials are still working on the fine print.
Electric Cars Are Taking Off, but When Will Battery Recycling Follow?

The New York Times – Business:
Many companies and investors are eager to recycle batteries but it could take a decade or more before enough used lithium-ion batteries become available.
State Tax Cut Policies Prop Up Income, Fanning Inflation Worries

The New York Times – Business:
Efforts around the country to ease the pain of rising prices have given consumers more money to spend, which could paradoxically further drive up prices.
Biden’s Meeting With Macron Comes Amid Rising Trans-Atlantic Tensions

The New York Times – Business:
The president’s “Made in America” plan has drawn accusations of protectionism from Europe as the United States tries to keep its Western allies aligned against Russia.
How a Lobbying Blitz Made Sports Betting Ubiquitous

The New York Times – Business:
The gambling industry and its allies got their way with lawmakers after showering them with donations, gifts and dubious arguments.
Many States Are Sending Checks to Help Residents With Inflation

The New York Times – Business:
Up to 20 are using some of their budget surpluses to help taxpayers deal with high inflation. But some economists worry that the payments could fuel inflation.
Will Taxing the Windfall Profits of Oil Giants Fix Countries’ Economies?

The New York Times – Business:
Britain is raising a tax on gas and oil producers, and adding a levy on companies that supply electricity — a similar approach to that of other governments chasing revenue.
France Urges U.S. to Change ‘Made in America’ Electric Car Policy

The New York Times – Business:
The French finance minister, Bruno Le Maire, said that U.S. subsidies will inflict damage to Europe’s economy.
France Urges U.S. to Change ‘Made in America’ Electric Car Policy

The New York Times – Business:
The French finance minister, Bruno Le Maire, said that U.S. subsidies will inflict damage to Europe’s economy.
How to Save on High Heating Bills This Winter

The New York Times – Business:
As a start, you can turn down the thermostat and insulate doors and windows. Plus, financial help is available to pay bills and to update heating systems.