What is a federal tax credit? Know the types, how they work before filing
Both federal and state governments give tax credits, such as the Child Tax Credit or Lifetime Learning Credit, in order to sustain and benefit the economy. A federal tax credit is granted by the federal government. What to know ahead of filing season: What are the tax brackets for tax years 2024 and 2025?
Opinion
Editorial: Five reasons to keep the federal tax credit for electric vehicles
Ending the $7,500 bipartisan tax credit, as President-elect Donald Trump has promised to do, would be counterproductive and costly for consumers.
You’re now able to get a tax credit if you buy a Tesla Cybertruck—but it might not last
As of January 1, some more EVs are eligible for the federal tax credit, while others have dropped off the list. But it's still an open question if Trump will keep them.
Tesla Cybertruck now qualifies for up to $7,500 in federal tax credits
Under new, tougher rules that took effect on January 1 for federal subsidies for electric vehicles, Tesla’s (TSLA) Cybertruck now qualifies for
Tesla Cybertruck joins short list of EVs eligible for $7,500 tax credit
Tesla Inc.’s Cybertruck qualifies for up to $7,500 in US tax credits for the first time this year, part of reshuffling under tougher rules that took effect on Jan. 1 that also newly disqualify other electric vehicles for federal subsidies.
The Tesla Cybertruck Just Got $7,500 Cheaper
The Tesla Cybertruck is starting the new year with a price drop, but not from Tesla. Certain versions of the […]
Free tax filing with IRS Direct File: What you need to know
The IRS Direct File program, which lets you prepare and file your federal return for free, is expanding to 24 states for the ...
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New Federal Tax Brackets for 2025: What Tax Rate Will You Pay On Your 2025 Income?
Since the due date for your 2024 federal income tax return is still months away, it might seem odd to start thinking about ...
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Types of Income the IRS Doesn't Tax
Generally, whether income is taxable depends on various rules, requirements, and regulations or whether you're talking about federal or state taxes. To help sort through it, here is a list of ...
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Trump Eyes Axing These Key Programs to Help His Friends Get Richer
But what’s good for Trump isn’t necessarily good for Americans: In a joint letter released before the election, nearly two ...
How to get ahead this tax season
Tax season kicks off later this month, but experts say it’s not too early to get organized and get ahead. Read on for ...
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Best tax software for small business owners in 2025
However, the right online tax filing software can help you save time and money. CNBC Select rounded up the best tax filing software programs for small business owners, so you can file your ...
Opinion: The case for killing the tax credit for electric vehicles
It's ineffective at shaping behavior, and it primarily benefits the wealthy while needlessly adding to the deficit. EVs ...