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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.
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.
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.
Hosted on MSN
23h
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.
Brownfield Ag News
12h
Long awaited 45Z tax credit guidelines not very helpful
The biofuels industry is disappointed with the long-awaited guidelines for clean fuels tax credits. U.S. Treasury officials ...
E&E
19h
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 ...
19h
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 ...
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 ...
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 ...
1d
Nebraska lawmakers seek to revive winner-take-all, change Omaha elections and restore lost tax credit
The first days of Nebraska's legislative session brought a proposal to move to winner-take-all, an attempt to fill an alleged ...
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