These vehicles may be eligible for 2023 clean vehicle tax credit

The IRS has published a list of cars that are potentially eligible for the 2023 clean vehicle tax credit. The list includes cars from manufacturers such as Audi, Ford, Nissan, Rivian, Stallantis (Chrysler, Jeep), Tesla, Volkswagen, and Volvo. The list applies to cars purchased after 2022. The IRS says the list is not complete and that people should check back […]
President Biden signs the wide-ranging Inflation Reduction Act

President Biden signed into law on Aug. 16 the Inflation Reduction Act (IRA). The $740 billion bill contains many tax breaks and raises revenue through a new minimum tax on large, profitable corporations and an excise tax on stock buybacks. It’s intended to reduce the U.S. deficit by about $300 billion. Other revenue would come […]