Tag Archives: Tax

The EV tax credit is dead — here’s what happens next

The EV tax credit is dead — here’s what happens next

For EVs, it’s Zero Hour. When the clock strikes midnight on Oct. 1, the $7,500 federal tax credit on EVs will expire, potentially turning affordable electric carriages into showroom pumpkins. Sales of electric cars are certain to dip. Real-world prices will rise. The only question is how much, and for how long, as President Donald Trump and his administration continue …

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ACA Marketplace Premium Payments Would More than Double on Average Next Year if Enhanced Premium Tax Credits Expire

ACA Marketplace Premium Payments Would More than Double on Average Next Year if Enhanced Premium Tax Credits Expire

Affordable Care Act (ACA) enhanced premium tax credits are set to expire at the end of this year. Enhanced premium tax credits were introduced in 2021 and later extended through the end of 2025 by the Inflation Reduction Act. The enhanced tax credits both increased the amount of financial assistance already eligible ACA Marketplace enrollees received as well as made …

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Ford and GM will offer the $7,500 EV tax credit past the deadline

Ford and GM will offer the ,500 EV tax credit past the deadline

Chevy, Cadillac, GMC, and Ford’s electric vehicles will still be eligible for the credit after the September 30 deadline. The $7,500 tax credit for electric vehicles is set to expire today, but Ford and GM plan to continue offering it for at least another few months. Will Ford and GM offer the EV tax credit after it expires? If you …

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GOP senator pitches off-ramp for impasse over Obamacare tax credits – Politico

GOP senator pitches off-ramp for impasse over Obamacare tax credits  Politico Marshall sketches possible ACA subsidy compromise  Axios Could Roger Wicker be part of another rare bipartisan health plan in U.S. Congress?  Mississippi Today Groups pressure Collins to extend health care subsidies. Collins says not yet.  Maine Morning Star Maine’s faith community calls on Collins to fund health care, not ICE, in budget  Maine Beacon …

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We asked how home solar tax credits impact you, you answered

We asked how home solar tax credits impact you, you answered

This month, we’ve been running a sidebar survey about what losing the federal home solar tax credit means for Electrek readers and how it impacts their solar power plans. After receiving nearly two thousand responses, here’s what you told us. With the 30% federal home solar tax credit set to expire at the end of this year, homeowners everywhere are …

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California Gov. Newsom Furious As $7,500 Tax Credit Disappears

California Gov. Newsom Furious As ,500 Tax Credit Disappears

California Gov. Gavin Newsom wanted his state to be the firewall that protected the public (and automakers) from the reality of the federal electric-vehicle tax credit going away. He pledged that Sacramento would step in and take up the slack created by the feds, but it wasn’t quite clear where the money was going to come from. With time running …

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China Buys More Argentine Soybeans as Tax Relief Spurs Trade – Bloomberg.com

China Buys More Argentine Soybeans as Tax Relief Spurs Trade  Bloomberg.com Without China trade, what’s next for Upper Midwest soybean farmers?  MPR News China expands Argentina soybean buying to 20 cargoes, traders say  Yahoo Finance Exclusive: China buys Argentine soybeans after tax drop, leaving US farmers sidelined  Reuters U.S. Soybean Harvest Starts with No Sign of Chinese Buying as Brazil Sets Export Record  Successful Farming …

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High Earners Age 50 and Older Are About to Lose a Major 401(k) Tax Break – The Wall Street Journal

High Earners Age 50 and Older Are About to Lose a Major 401(k) Tax Break  The Wall Street Journal New Regulations for Retirement Catch Up Contributions  FEDmanager Treasury, IRS finalize rule for 401(k) catch-up contributions. What it means for higher earners  CNBC New IRS Retirement Rules Could Shake Up Homeowners’ Nest Eggs Under SECURE 2.0 Act  Realtor.com Saving for retirement is getting more expensive  qz.com …

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Good bye to the $7,500 EV tax credit. What’s that mean for EV prices?

Good bye to the ,500 EV tax credit. What’s that mean for EV prices?

Facebook Tweet Email Link Sales of electric vehicles in the United States are almost certain to tumble when the $7,500 federal tax credit for EV buyers expires on October 1, leaving automakers and car buyers wondering where prices will go. The tax credit, which was passed in 2022 as part of the Biden administration’s legislative push to support EVs and …

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