His comments come amid a GOP internal debate over the big, beautiful bill on how to roll back former President Biden’s green energy tax credits. The Senate is taking a more lenient approach on ...

In a significant ruling with far-reaching policy implications, the Sikkim High Court has allowed the refund claim of accumulated input tax credit (ITC) upon the closure of a business. This ...

The Senate is considering a plan to save a lucrative tax credit for the production of hydrogen that would be scrapped in the tax-and-spending mega bill passed by the House, key Republicans said.

The domestic policy bill passed by the House raises the maximum child tax credit to $2,500. But about a third of children would not receive the full credit because their parents have low wages or ...

But a larger, child tax credit for middle-class families will have to wait at least another year, according to the compromise reached Saturday between Gov. Ned Lamont and leaders of the ...

The EV tax credit, which started during the Obama administration, is set to expire on Dec. 31, 2032. The new provision "accelerates the expiration to December 31, 2025." ...

So today, Congressional Republicans got to work. The House passed a bill to end the Inflation Reduction Act’s tax credits for clean energy, including the $7,500 EV tax credit. And the Senate ...

House Bill 136 will introduce a $250 state tax credit for each child under the age of six, WABE reported last week. The Senate Study Committee on Access to Affordable Childcare recommended the bill.

Changing the eligibility for the child tax credit would disqualify at least 2 million children who are U.S. citizens, according to congressional staff estimates.

According to the plan, the residential clean energy credit, which provides a 30% tax credit for home solar panels, batteries, geothermal heat pumps and more, would expire at the end of 2025.

That might include the EV tax credit, which is set to expire at the end of 2032. In general, the credit is worth up to $7,500 for qualified new vehicles, or up to $4,000 for qualified used vehicles.

In February, U.S. Senate Republicans proposed a pair of bills to kill the country's $7,500 electric vehicle tax credit and impose a new $1,000 tax on EVs to pay for road repairs, according to Reuters.