Now that the tax and spending bill has been signed into law, how it will impact the finances of Americans is more clear.

While the BBB dropped a $250 annual fee for EVs, it will axe the federal tax credit by Sept. 30, three months earlier than originally proposed.

While a change to the maximum credit sounds good, the approved Senate proposal does not change how much of said credit is refundable nor how it would be work for low-income earners