|
ICE officers suspended after making ‘untruthful statements' about shooting The Washington PostProsecutor Seeks Dismissal of Charges Against Man Shot by ICE The New York TimesDHS says immigration agents appear to have lied about shooting in Minnesota NPRDOJ drops charges against 2 men accused of assaulting ICE officers in Minneapolis, citing new evidence "inconsistent" with complaint CBS News
|
|
The consumer price index was expected to increase 2.5% from a year ago in January, according to the Dow Jones consensus.
|
|
NBA Rising Stars: Team Vince triumphs behind 2 game-winners from Sixers rookie VJ Edgecombe Yahoo SportsVJ Edgecombe leads Team Vince to 1 point win vs. Team Melo ESPNWhile Flagg was sidelined with an injury, Edgecombe takes MVP honors in Rising Stars game NBANBA All-Star Rising Stars game results, scores, highlights USA Today
|
|
Billions of dollars in 2025 rate increases still haven't filtered into Americans' bills, according to one expert.
|
|
Montana Capital Partners has raised $1.4bn for its first flagship fund since being bought out by Prudential Financial's asset management arm PGIM in 2021.
The post Montana Capital Partners picks up $1.4bn for first secondaries fund since being bought by PGIM appeared first on AltAssets Private Equity News.
|
|
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
|
|
