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Presidents Donald Trump and Joe Biden both created car-buying incentives. Here's how to take advantage of both now.
Everything you need to know about which tax credits Congress just voted to eliminate, when they expire and who qualifies.
If you’re shopping for or researching an electric vehicle in 2025, you’ve probably heard that significant changes in the federal tax credit of up to $7,500 for EVs and plug-in hybrids took ...
Motor vehicle expenses (not including CCA)If you use a motor vehicle or passenger vehicle for business and personal use, you can deduct only the part of the expenses that you paid to earn income.
As more drivers turn to zero-emission vehicles and California continues to invest in clean transportation, the state’s gas tax could be a thing of the past. California’s gas tax, which stands ...
The draft of the new report, first obtained by the Daily Caller News Foundation, highlights how eliminating the clean vehicle tax credit program started under former President Joe Biden would ...
It can even help you with tax and risk management. Flow, which is built to streamline back-office operations, makes it easier than ever to set up SPVs, onboard investors, and perform K1 distributions.
Cayuga County lawmakers are considering the implementation of a vehicle use tax, and we believe it's a sensible idea — particularly if the revenue is spent on roadwork. The tax would take effect ...
Thirty-nine counties outside New York City charge a vehicle use tax. Beginning in 2026, Cayuga could be the 40th. The Cayuga County Legislature is considering a proposal to institute the tax ...
How to Qualify for the Used EV Tax Credit The tax credit for used EVs will be calculated based on either 30% of the vehicle's value or $4,000, whichever is less. As mentioned earlier, there are no ...
The business use percentage must be greater than 50 percent, and the deduction will be equal to the business use percentage, up to a pre-determined limit. For 2025, it’s $31,300.