Stricter requirements have made it harder for some EVs and PHEVs to remain eligible for the tax credit. These models can no ...
During and after the pandemic, the ERC and other tax credits were big business for tax professionals. But the IRS denied bogus claims, and some cases are criminal.
It comes as the Trump White House plows ahead on its efforts to roll back the Biden administration’s climate agenda.
At this time, the child tax credit hands families a $2,000 discount on their tax bill for every child under the age of 17 ...