Edmunds takes a look at the key rules for buying new, buying used, and leasing electric vehicles—and then digs into the ...

Tax credits tied to children and dependents are popular, but there are many restrictions. The IRS delays refunds on some ...

Here is a list of our partners and here's how we make money. A budget planner is a tool, such as a worksheet or template, that you can use to design your budget. A successful budget planner helps ...

The additional child tax credit can be calculated by completing the worksheet on page 2 of Schedule 8812 ... you can "carry forward" extra credit money for up to three years. Electric vehicle credits: ...

The federal government's $7,500 tax break for electric vehicle purchases has never been easier to claim. But let's address the elephant in the room: There’s plenty of uncertainty on whether ...

Massive tax hikes for electric vehicles introduced by Labour on 1 April will further stall demand for battery cars in Britain and add another major hurdle for manufacturers to meet binding green ...

Notably absent from either were Gov. Glenn Youngkin’s signature tax proposals, which would have provided a credit for people paying the car tax and eliminated the state tax on tips. Instead ...

Age Your standard deduction: $14,600 A fixed dollar amount based on your income and tax filing status that reduces the amount you’re taxed on. Consider it tax-free income that you keep before ...

Currently, EVs are exempt from road tax (vehicle excise duty), but this exemption will end in April 2025. But there’s a trick to extend the tax-free period by another year. While EVs are still ...

Elon Musk, head of the chaos-causing Department of Government Efficiency, made an assertion this week that raised questions in some people’s minds about the status of the IRS Direct File program.

A new, stricter emissions test for plug-in hybrid vehicles, which will significantly increase the CO₂ value of company cars, will be used for benefit-in-kind (BIK) tax from next year.