Dearly beloved, we are gathered here today to celebrate the life of the electric vehicle tax credit. Signed into law by former President Joe Biden in 2022 as part of the Inflation Reduction Act, for ...

The IRS has issued proposed regulations for the temporary car loan interest deduction enacted under the new tax law.

Federal EV tax credits in 2024 top out at $7,500 if you're buying a new car and $4,000 if you're buying a used car, while the bank or the automaker's finance company can take a $7,500 tax credit for ...

The federal clean vehicle tax credit was set to expire at the end of 2032, but the mega-tax bill signed into law in July pushed that expiration deadline up to Sept. 30 Not everyone will qualify for ...

It is the end of the line for US electric vehicle tax credits. Sweeping tax and budget legislation approved by Congress on Thursday means $7,500 tax credits for buying or leasing new electric vehicles ...

PHILADELPHIA (WPVI) -- If you're thinking about getting an electric vehicle, do not procrastinate: tax credits are coming to an end very soon. The clean vehicle tax credits were set to expire by the ...

Most drivers of electric, fuel and hybrid cars are now likely to have to pay Vehicle Excise Duty (VED) since new rules were introduced in April 2025, while owners of more expensive vehicles face the ...

Taxpayers who buy a new car assembled in the U.S. may be able to deduct up to $10,000 from their taxable income beginning in 2025. To help sort out the details, the IRS is rolling out additional ...

Sales of electric cars and trucks could be scorching hot at the end of summer, according to industry analysts, as buyers race to lock in clean vehicle tax credits that expire in September. A lucrative ...