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Winners and losers as the EV tax credit rules change for 2025
Genesis' GV70 Electrified now qualifies for the full EV tax credit, as do Hyundai's Ioniq 5 and Ioniq 9, and the Kia EV6 and EV9. But those appear to be the only newly qualified EVs for 2025. And the Tesla Cybertruck joins the list as well.
Korean EVs now qualify for the $7,500 federal tax credit - but it may be too late
The Korean automotive group's models that qualify for the credit include the Kia EV6, Kia EV9, Genesis GV70, Hyundai Ioniq 5, and Hyundai Ioniq 9. So far, only 18 vehicles will qualify for the tax credit in 2025 as the requirements have become stricter.
Tighter Regulations Means Reduced Federal EV Tax Credit Eligibility In 2025
New regulations on materials sourcing disqualifies some EVs, and qualifies some new ones, for the $7,500 federal EV tax credit.
2h
on MSN
Iowa biofuel producers ‘stuck in neutral’ without finalized tax credit guidance
As the Biden administration enters its final days, biofuel industry leaders hoped for finalized rules on a tax credit for ...
18h
on MSN
Exclusive: US to release clean fuel tax credit model that limits ethanol producers' credit access, sources say
The Biden administration is expected to release by next week a climate model for clean fuel tax credits that will not include ...
17h
If the New York Child Tax Credit Is Expanded, Families Could Save or Invest More
If Governor Kathy Hochul’s proposal goes through, the Empire State Child Credit would increase in value up to $1,000 per ...
Hosted on MSN
22h
Candidates promised a bigger child tax credit. Will that actually happen?
The 19th spotlights what could potentially happen to the child tax credit once presidential-elect Donald Trump takes office.
1d
Biden administration to release short-term guidance on clean fuel tax credit, sources say
President Joe Biden's administration expects to release short-term guidance on clean fuel tax credits on Friday and leave ...
E&E
18h
Energy tax credit guidance a letdown for biofuel groups
Long-awaited guidance on the clean energy tax credit has landed, but questions remain for crop-based fuels as the Trump ...
4d
on MSN
Child Tax Credit for 2024: How Much You Get Compared to Previous Years
Child tax credits benefit parents and guardians when they file their yearly tax returns and typically provide a set amount per dependent child.
2d
on MSN
Up to $1,000 per child: NY plans to expand child tax credit
Thousands of families with children in New York could get more money in their pockets thanks to a new proposal. Gov. Kathy ...
4d
N.Y. Families Could Receive Tax Credit of Up to $1,000 Under Hochul Plan
Gov. Kathy Hochul has now released two early proposals from her State of the State message that aim to address concerns over ...
16h
Biofuel producers ‘stuck in neutral’ without finalized tax credit guidance
As the Biden administration enters its final days in the White House, biofuel industry leaders hoped for finalized rules on a ...
1d
on MSN
When is Tax Day 2025? All about deductions, income brackets, credits and deadlines
Here are the tax brackets for 2024, which are the taxes you pay in 2025. Income tax is progressive: the more you earn, the ...
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