If you bought a new, qualified plug-in electric vehicle in 2022 or before, you may be eligible for a clean vehicle tax credit up to $7,500. The total amount of the credit is based on the vehicle's battery capacity. This credit is available to individuals and businesses. The vehicle must be for you or your business's [...]
This article was published by the IRS. The work opportunity tax credit is a federal tax credit available to employers for hiring individuals from certain target groups who have consistently faced significant barriers to employment. This credit is available for wages paid to certain individuals who begin work on or before December 31, 2025. Here's more [...]
If you buy a qualified used electric vehicle or fuel cell vehicle from a licensed dealer for $25,000 or less, you may be eligible for a used clean vehicle tax credit. The credit equals 30% of the sales price, up to a maximum of $4,000. If you purchased your vehicle before 2023, you don't qualify. To [...]
Remember, you are responsible for any information on your tax return. Beware of schemes that push you to claim the Employee Retention Credit, even if you're not eligible for it. You could end up having to repay the credit, with penalties and interest. Visit IRS.gov/erc.
Beware of ads that promise big money through the employee retention credit. While it's a real credit, scammers are telling people they qualify when they really don't. Don't fall for it! Get official info at IRS.gov/erc.
