released a statement on Long, saying in part, “What’s most concerning is that Mr. Long left office and jumped into the scam-plagued industry involving the Employee Retention Tax Credit.

President-elect Donald J. Trump wants Congress to repeal a $7,500 electric vehicle tax credit. Doing so would hurt American automakers. By Lisa Friedman President-elect Donald Trump’s transition ...

It's like using a gift card at a clothing store. And in some cases, a credit ends up as cash in your pocket. What is a tax credit? A tax credit is an amount of money authorized by the U.S. Tax ...

According to sources that spoke to Reuters, President-elect Donald Trump intends to dismantle the $7,500 electric vehicle (EV) tax credit—which could have implications far beyond individual car ...

Credit: McDermott Will & Emery. The approach of next year’s Republican administration has raised concerns about the future of the Inflation Reduction Act (IRA) and its clean energy tax credits ...

A tax credit directly lowers the tax that you owe. This difference means: A tax credit lowers your tax bill directly, while A tax deduction depends on factors like your federal income tax bracket.

Republicans have long opposed the $7,500 federal tax credit for electric vehicles contained in the Inflation Reduction Act (IRA). Now, it seems President-elect Donald Trump’s transition team has ...

With prices rising, the $7,500 federal EV tax credit can offer some much-needed relief for prospective buyers. Now, that credit is on the chopping block. Since the incoming Trump administration ...

The standard deduction will be cut in half for single filers, as will the individual child tax credit. Inheritance tax exclusions will drop from $10 million to $5 million. Business taxes will also ...

President-elect Trump is reportedly considering rolling back the Biden administration's credit for electric vehicles – a move that experts say would have varying effects across the automotive ...

The $7,500 tax credit for buyers of electric vehicles could be vanishing early in the new Trump administration, but that might actually be good news for Tesla and its CEO Elon Musk, one of Preside ...

The Internal Revenue Service is extending the transition period for revising claims for the research and development tax credit, which gives taxpayers 45 days to "perfect" a research credit claim for ...