|
China's Xi says ‘reunification' with Taiwan ‘unstoppable' Al JazeeraXi Jinping vows to reunify China and Taiwan in New Year's Eve speech The GuardianXi Touts China's AI, Chip Wins In Triumphant New Year's Speech Bloomberg.comXi Jinping hails China's rising ‘national power' Financial Times
|
RELATED ARTICLES | | |
|
China Signals It Won't Give an Inch to the U.S. in Latin America The Wall Street JournalChina Is Investing Billions in Latin America, Potentially Sidelining U.S. Farmers for Decades to Come Successful Farming5 things to know: Our investigation into China's shift to Latin American agriculture Investigate MidwestTime to rebalance, not dismantle China DailyChina / United States - Latin
|
|
Entrepreneurs face constant uncertainty. Managing mental health is what keeps decision-making steady.
|
|
Although the S&P 500 has returned 19.3% so far this year, dozens of stocks are showing significant declines for 2025.
|
|
There's a difference between a professional mentor and a sponsor, but women need both if they want help moving forward in their careers, explains Wharton Deputy Dean Nancy Rothbard. This Ripple Effect podcast episode is part of a series on "Women & Leadership."
Hosted on Acast. See acast.com/privacy for more information.
|
|
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
|
|
