Why the $7,500 EV tax credit may be tougher to get starting in March
The IRS expects to issue guidance on the clean vehicle credit in March. Experts think the rules around car batteries will limit who can get the credit.
Date: | Jan. 25, 2023 1:23 PM ET |
Link: | Read more at CNBC |
Source: | US Top News and Analysis - cnbc.com |
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Automakers fear 2023 EV tax credits may confuse car buyers
The answer to that question is one factor determining whether some vehicles qualify for the EV tax credit.
Jan. 14, 2023 - Home - CBSNews.com - Top stories -
The Wall Street Journal: Yellen says Japan and EU could get in on $7,500 EV tax credit through new trade deals
To qualify for the full $7,500 tax credit, among other requirements, 40% of the value of the minerals in an electric vehicle’s battery must come from a country that has a free-trade agreement with the U.S.
Jan. 25, 2023 - MarketWatch.com - Top Stories - Business -
Kelley Blue Book: These are the electric cars and hybrids that may currently qualify for tax credits up to $7,500
The IRS has brought some clarity to the evolving rules that dictate which electric vehicles qualify for rebates. Unfortunately, it's still not simple.
Jan. 6, 2023 - MarketWatch.com - Top Stories - Business -
McConnell tears into Manchin on Senate floor for trying to cut EV tax credits
McConnell tears into Manchin on Senate floor for trying to cut EV tax credits lead
Jan. 26, 2023 - Congress - Politics - Senate -
Manchin takes aim at Treasury delay for EV tax credit restrictions
Sen.
Jan. 25, 2023 - Just In | The Hill - Politics -
Tesla’s U.S. price cuts mean more models are eligible for federal EV tax credit
Tesla cut prices on its most popular electric cars by as much as 20%. For U.S. buyers, that means more models qualify for tax incentives that kicked in Jan. 1
Jan. 14, 2023 - MarketWatch.com - Top Stories - Business -
The 'land grab' for lithium is just getting started with GM deal, says EV materials expert
As automakers scale up their electric vehicle production, they will also have to compete to control access to minerals critical for production, like lithium.
Jan. 31, 2023 - US Top News and Analysis - Business -
Market Extra: Why worries over subprime auto bonds might be only getting started
A new lawsuit claiming Credit Acceptance misled investors in more than $7 billion worth of subprime auto asset-backed bonds adds to sector risks.
Jan. 7, 2023 - MarketWatch.com - Top Stories - Business -
Why parents may see a smaller tax return this year
(NEXSTAR) – If inflation wasn't bad enough, it's shaping up to be a year of disappointing tax refunds for many people, perhaps especially for parents.
Jan. 28, 2023 - Just In | The Hill - Politics -
Why some Americans may get a smaller tax refund this year
"A lot of people will get their refunds and they won't get as much as anticipated," one expert said as tax season kicks off.
Jan. 23, 2023 - Home - CBSNews.com - Top stories -
Why you may receive a much lower income tax refund this year
Story at a glance The IRS warns that tax refund checks are likely to be smaller this season.
Jan. 18, 2023 - Just In | The Hill - Politics -
Tax credits vs. tax deductions: How they differ, and what to know before you file
It's tax season, and Americans are trying to make sense of various tax breaks. Tax credits are generally more valuable than deductions.
Jan. 31, 2023 - US Top News and Analysis - Business -
Kelley Blue Book: The $7,500 EV question: Is it an SUV, or a car? Ask the IRS.
Amid the confusing new rules about EV tax credits is a question of price caps and what qualifies as an SUV.
Jan. 17, 2023 - MarketWatch.com - Top Stories - Business -
Chaos in House Rolls On: ‘I’m Never Getting Sworn In, Am I?’
Near collisions abound on Capitol Hill as House members make history in failing to elect a speaker after three days and more than 10 futile votes.
Jan. 5, 2023 - NYT > Top Stories - Top stories -
With China at the wheel, America's EV journey may be a bumpy ride
The electric vehicle revolution that’s been sweeping the world has finally arrived in America, powered by technology, an urgency to address climate change and the nudge of government incentives that became a push with the Inflation
Jan. 27, 2023 - Just In | The Hill - Politics - China -
Walmart raises minimum wages, starting with March paychecks
Walmart raised its minimum hourly wage to $14 from $12 for store formats, while the minimum for Sam's Club is $15 and for fulfillment centers is $16.
Jan. 24, 2023 - MarketWatch.com - Top Stories - Business -
Disney Requires Workers to Come to Office Four Days a Week, Starting in March
The in-office workweek is one of the most comprehensive return-to-work policies at large U.S. companies since the pandemic.
Jan. 9, 2023 - WSJ.com: US Business - Business -
Mercedes-Benz unveils EV charging plans, starting with U.S. and Canada
Mercedes-Benz plans for a global charging network that would start in the U.S. and Canada, with ChargePoint Holdings as one of its partners.
Jan. 5, 2023 - MarketWatch.com - Top Stories - Business -
Hunt warns not to expect tax cuts in March Budget
UK Tory strategists say they are earmarking next year for a pre-election giveaway
Jan. 19, 2023 - UK homepage - Business -
Shell to spend $450m on carbon offsetting as fears grow that credits may be worthless
British multinational to spend huge sums on schemes that do not bring genuine carbon reductions, analysis showsMore than 90% of rainforest carbon offsets by biggest provider are ‘worthless’Greenwashing or a net zero necessity? Scientists on
Jan. 19, 2023 - The Guardian - World -
EU plans to relax curbs on tax credits in response to ‘toxic’ US subsidies
Covid recovery funds could also be redirected under proposed loosening of state-aid rules, according to draft plan
Jan. 30, 2023 - UK homepage - Business - European Union -
EU plans to relax curbs on tax credits in response to US green subsidies
Covid recovery funds could also be redirected under proposed loosening of state-aid rules, according to draft plan
Jan. 30, 2023 - World - World - European Union -
The materialism driving child tax credits and inflation
Democrats in Congress recently have pushed to take the nation further in debt in order to write more checks to families with children.
Jan. 21, 2023 - Just In | The Hill - Politics -
Low-income people reported fewer symptoms of anxiety, depression after receiving expanded child tax credit
A new study adds to the body of research showing the positive effects the payments may have had in a short time.
Jan. 16, 2023 - MarketWatch.com - Top Stories - Business -
U.S. tax credits could benefit global automakers — but Europe wants more
The European Union is still not completely satisfied with recent concessions from Washington on its historic set of green energy subsidies.
Jan. 10, 2023 - US Top News and Analysis - Business