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Trump tells kid in Christmas call he wants to ensure "bad Santa" isn't "infiltrating" U.S. AxiosWhere is Santa now? Trump answers kids' Christmas calls to Norad tracker BBCTrump takes NORAD Santa calls from kids. Here's what he said. USA TodayTrump adds 'clean coal' into holiday mix in Christmas Eve call with kids nbcnews.com
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Nvidia will license Groq's technology and hire its top executives, adding to the Silicon Valley giant's heft in artificial intelligence chips.
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Apple CEO Tim Cook Discloses $3 Million Nike Buy With Dow Giant At 7-Month Low Investor's Business DailyNike Stock Is Getting a Lift Today. The Reason? Apple CEO Tim Cook InvestopediaTim Cook did something he hasn't done before — buy Nike's stock on the open market MarketWatchNike gains after Apple's Tim Cook buys the dip (NKE:NYSE) Seeking AlphaApple's Cook doubles Nike stake, endorses
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Photos of Christmas celebrations around the world AP NewsWaterskiing Santas and giant cuts of meat: Christmas around the world BBCPhotos of ways Christmas is celebrated all around the world CBS NewsIn pictures: The world prepares for holiday festivities on Christmas Eve DawnIN PHOTOS | Christmas celebrations from around the world CBC
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Brain Scans Reveal a Surprise About ADHD Medications SciTechDailyStimulant ADHD medications work differently than previously thought Medical XpressADHD drugs work indirectly to improve attention NPRADHD medications mimic the effects of a good night's sleep rather than controlling attention, researchers find Doctors.net.ukBrain on stimulant ADHD medication (IMAGE) EurekAlert!
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President Biden signed the Inflation Reduction Act into law on August 16. The massive climate, energy, tax, and healthcare package contains numerous clean energy incentives including tax credits for the purchase of new and used electric vehicles. But you may not have heard that the new law also revives the tax credit for electric vehicle charging stations and equipment that had expired in 2021. There are some changes to the prior charging station tax credit that you will want to be aware of, so that you can potentially use the tax break for your own EV charger.
What is the Tax Write Off for EV Chargers?
The federal tax credit for electric vehicle chargers originally expired on December 31, 2021. However, the Inflation Reduction Act's Alternative Fuel Refueling Property tax credit extends the EV charger tax incentive ten years—through December 31, 2032.
SEE MORE EV Tax Credits Are Changing: What's Ahead
So, what does that mean for you? Essentially, if you install an EV charging station at home, the tax credit under the Inflation Reduction Act is 30% of the cost of hardware and installation, up to $1,000. Also, beginning in 2023, the tax credit for business and home installations, will apply to other EV charging equipment like bidirectional (i.e., two-way) chargers.
Businesses that that install new EV chargers or EV charging equipment can also benefit from a tax incentive of up to 30% of the total cost of equipment and installation. But they will have to meet certain labor and construction requirements to be eligible to claim the full incentive.
Before the Inflation Reduction Act, the limit on the amount of the EV charger tax credit for businesses was $30,000 (which still applies to projects completed before the end of 2022). However, under the new law, if you complete the business installa
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