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Trump Plans to Eliminate EV Tax Credit
Trump Wants to Kill the E.V. Tax Credit. Here’s What to Know.
President-elect Donald J. Trump wants Congress to repeal a $7,500 electric vehicle tax credit. Doing so would hurt American automakers.
Trump team reportedly looking to kill Biden's $7,500 EV tax credit
President-elect Trump's transition team is aiming to scrap the tax credit for purchasing electric vehicles enacted during the Biden administration, Reuters reports.
If Trump kills the EV tax credit, what happens if you buy an EV in early 2025?
At this point, many buyers are taking advantage of the credits at dealerships when they buy a car. In the past, they had to wait to claim it on their taxes the following year. Now, there’s the option of transferring their credit to the dealer and getting an instant rebate.
CNET on MSN
1d
What the 2024 Election Results Mean for the Child Tax Credit
Studies indicate that the 2021 temporary increase of the credit had a significant impact on childhood poverty. Columbia ...
clickondetroit.com
6h
Organ donors in Michigan can get a $10,000 tax credit. Here’s what to know
Live organ donors in Michigan can get a tax credit of up to $10,000 thanks to a new bill Gov. Gretchen Whitmer signed into ...
16h
Rescinding US EV tax credit would cede ground to China, Granholm says
Cancelling the U.S. electric vehicle tax credit would be counterproductive and cede ground to car-makers in China, U.S.
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