Other federal funding sources come from the Federal Excise Tax on trucks, trailers, and truck tires. These fuel and equipment taxes result in billions of federal and state revenue. The federal and ...

A Netflix comedy series, a historical movie and several other film projects are getting more than $9 million in tax credits ...

The temporary expansion of the Child Tax Credit (CTC) in 2021 was a lifeline for tens of millions of American families, ...

Solar ingot and wafer manufacturing projects in the US will qualify for a 25% tax credit under a new rule that could unlock investment in domestic production of the equipment used to make panels ...

For over a century, a truck tax has been hurting the industry. First imposed in 1917, the federal excise tax on heavy-duty trucks and trailers helped America win World War I. Rather than expiring ...

The Biden administration finalized rules for a 25% tax credit for semiconductor manufacturing projects, expanding eligibility for what is likely to be the largest incentive program from the 2022 ...

The Biden administration is expanding a federal tax credit that seeks to incentivize domestic production of components for solar and wind energy, as well as batteries. The Treasury Department ...

Although inflation has ebbed, taxpayers will continue to enjoy inflation adjustments to their 2025 taxes — even though it’s ...

Fortunately, a non-refundable tax credit, known as the retirement savings contributions credit, can make it substantially easier to save. Usually referred to as the saver’s tax credit ...

There are two primary federal tax credits available that help to cover the cost of your upgrade: The Energy Efficient Home Improvement Credit and the Residential Clean Energy Credit. The Energy ...

A nonrefundable tax credit is a reduction in the amount of income taxes that a taxpayer owes. It can reduce the amount owed to zero, but no further. In other words, the taxpayer forfeits any ...