Tag Archives: Tax

Tesla is considering making a big move with Model Y pricing as demand is skyrocketing due to the EV tax credit expiring in just over a month. With the $7,500 EV tax credit set to be removed on September 30, Tesla is experiencing increased demand for its Model 3 and Model Y. Customers are doing whatever they can to take …

The cooler weather on Saturday did nothing to bring down the temperature inside the Colorado State Capitol, where tempers flared on day three of a special legislative session. Gov. Jared Polis called the legislature back to work to close a $750 million budget shortfall after President Trump’s “Big Beautiful Bill” lowered taxes and, in turn, lowered revenue to the state. The …

A selection of Kia EV6 sedans, which are fully electric vehicles, are displayed at a dealership, Friday, July 18, 2025, in Manchester, N.H. Charles Krupa/AP hide caption toggle caption Charles Krupa/AP The clock is ticking on the federal EV tax credit for electric vehicle purchases, worth up to $7,500. The One Big Beautiful Bill Act eliminated the credit, which expires …

U.S. President Donald Trump presents a sweeping spending and tax legislation, known as the “One Big Beautiful Bill Act,” after he signed it, at the White House in Washington, D.C., U.S., July 4, 2025. Leah Millis | Reuters S&P Global said it expects “meaningful” federal government revenue from President Donald Trump‘s broad tariff policies to “generally offset weaker” revenue expected …

The Treasury Department and IRS released guidance on what is considered beginning construction for clean energy projects trying to qualify for tax credits, generally nixing a prior guideline on investing 5% to qualify. Developers have long relied on IRS notices to define the starting point of construction to qualify for the energy tax credits from the Biden-era tax-and-climate law. There …

SpaceX officials have privately boasted to investors that a tax benefit signed into law by President Donald Trump means it may never have to pay federal income taxes, The New York Times reports. Trump signed the Tax Cuts and Jobs Act in 2017, allowing corporations to roll over their heavy losses, known as a carryback, indefinitely to skirt paying some …

WASHINGTON (AP) — The federal budget deficits caused by President Donald Trump’s tax and spending law could trigger automatic cuts to Medicare if Congress does not act, the nonpartisan Congressional Budget Office reported Friday. The CBO estimates that Medicare, the federal health insurance program for Americans over age 65, could potentially see as much as $491 billion in cuts from …

Heat trades Haywood Highsmith and pick to Nets to escape luxury tax. Here are the details  Miami Herald Heat get under tax line, send Highsmith to Nets for pick  ESPN Nets acquire Haywood Highsmith in trade with far-out draft implications  New York Post Draymond Green Sends Message to Jimmy Butler After NBA Trade on Friday  Athlon Sports Heat trade Haywood Highsmith to Nets, swap …

Trump’s Latest Attack on Wind and Solar Squeezes Tax Breaks  Bloomberg.com New I.R.S. Rules for Large Wind and Solar Projects Released  The New York Times Clean Energy Stocks Have Jumped. Next Week Could Test the Rally.  Barron’s Leaked Treasury guidance gives some optimism for renewables  Latitude Media Trump administration deepens crackdown on solar and wind tax credits  Politico Source link

Investing.com — Solar and renewable energy stocks rallied sharply Friday after the U.S. Treasury Department and IRS released new guidance on clean energy project construction requirements for tax credit qualification. First Solar (NASDAQ:FSLR) stock rose 13%, Sunrun (NASDAQ:RUN) jumped 39%, NextEra Energy (NYSE:NEE) gained 5%, Enphase Energy (NASDAQ:ENPH) climbed 12%, and Array Technologies (NASDAQ:ARRY) surged 27% following the release of …