Korean EVs now qualify for the $7,500 federal tax credit - but it may be too late
The Korean automotive group's models that qualify for the credit include the Kia EV6, Kia EV9, Genesis GV70, Hyundai Ioniq 5, and Hyundai Ioniq 9. So far, only 18 vehicles will qualify for the tax credit in 2025 as the requirements have become stricter.
Winners and losers as the EV tax credit rules change for 2025
Genesis' GV70 Electrified now qualifies for the full EV tax credit, as do Hyundai's Ioniq 5 and Ioniq 9, and the Kia EV6 and EV9. But those appear to be the only newly qualified EVs for 2025. And the Tesla Cybertruck joins the list as well.
UBS nears settlement over Credit Suisse tax evasion case, WSJ reports
UBS is set to pay a minimum of hundreds of millions of dollars to settle Credit Suisse's violations of an earlier agreement with the U.S. Department of Justice over customers in the U.S. who evaded tax,
UBS Close to Large Settlement Over Credit Suisse Tax Case
The potential payout relates to an earlier deal over tax evasion by U.S. clients of Credit Suisse, the rival Swiss bank that UBS acquired in 2023.
UBS poised to pay hundreds of millions over Credit Suisse tax case - report
UBS Group (NYSE:UBS) is close to paying hundreds of millions of dollars for alleged violations by Credit Suisse of an earlier agreement with the U.S. Justice Department regarding U.S. clients who evaded tax,
Exclusive: US to release clean fuel tax credit model that limits ethanol producers' credit access, sources say
The Biden administration is expected to release by next week a climate model for clean fuel tax credits that will not include ...
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Candidates promised a bigger child tax credit. Will that actually happen?
The 19th spotlights what could potentially happen to the child tax credit once presidential-elect Donald Trump takes office.
Biofuel producers ‘stuck in neutral’ without finalized tax credit guidance
As the Biden administration enters its final days in the White House, biofuel industry leaders hoped for finalized rules on a ...
Biden administration to release short-term guidance on clean fuel tax credit, sources say
President Joe Biden's administration expects to release short-term guidance on clean fuel tax credits on Friday and leave ...
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Energy tax credit guidance a letdown for biofuel groups
Long-awaited guidance on the clean energy tax credit has landed, but questions remain for crop-based fuels as the Trump ...
If the New York Child Tax Credit Is Expanded, Families Could Save or Invest More
If Governor Kathy Hochul’s proposal goes through, the Empire State Child Credit would increase in value up to $1,000 per ...
N.Y. Families Could Receive Tax Credit of Up to $1,000 Under Hochul Plan
Gov. Kathy Hochul has now released two early proposals from her State of the State message that aim to address concerns over ...
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Preliminary Guidance on 45Z Tax Credit for Sustainable Aviation Fuels is Unclear on Environmental Integrity
The U.S. Department of the Treasury today issued preliminary guidance on the 45Z tax credit created by the 2022 Inflation Reduction Act, which aims to incentivize the production of clean ...
Up to $1,000 per child: NY plans to expand child tax credit
Thousands of families with children in New York could get more money in their pockets thanks to a new proposal. Gov. Kathy ...
When is Tax Day 2025? All about deductions, income brackets, credits and deadlines
Here are the tax brackets for 2024, which are the taxes you pay in 2025. Income tax is progressive: the more you earn, the ...