President Trump is clear about his opposition to “unfair” EV incentives. Tesla and General Motors stand to bear the brunt if the federal EV tax credit is eliminated.
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.
The $7,500 federal tax credit for EVs has income requirements, but car salespeople aren't accountants, so double-check that you're eligible before driving off the lot.
President Trump has returned to the White House, and with tax season just days away some Americans may be wondering how the 47th president’s administration might affect their Child Tax ...