Credits that were expanded as part of pandemic relief have expired, as has the deduction for donations for people who don’t itemize.
Category: Tax Credits, Deductions and Exemptions
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Your Tax Refunds May Be Smaller This Year
The New York Times – Business: -
Korean Solar Company Plans to Build $2.5 Billion Plant in Georgia
The New York Times – Business:Hanwha Qcells expects to make solar panels and their components in the United States to take advantage of President Biden’s climate policies.
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For Freelancers, New Federal Help in Saving for Retirement
The New York Times – Business:The Secure 2.0 Act provides for direct government contributions to retirement accounts for low- and moderate-income workers, though that won’t start until 2027.
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U.S. Pours Money Into Chips, but Even Soaring Spending Has Limits
The New York Times – Business:Amid a tech cold war with China, U.S. companies have pledged nearly $200 billion for chip manufacturing projects since early 2020. But the investments are not a silver bullet.
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U.S. Pours Money Into Chips, but Even Soaring Spending Has Limits
The New York Times – Business:Amid a tech cold war with China, U.S. companies have pledged nearly $200 billion for chip manufacturing projects since early 2020. But the investments are not a silver bullet.
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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.
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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.
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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.
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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.
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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.