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Oil and gold prices ease as Iran downplays attack BBC.comOil prices get short-lived boost from attack on Iran CNNOil Prices Rise—And Fall—After Israel's Reported Strikes ForbesOil heads to weekly loss as market sees limited risk of wider war after Israel strike on Iran CNBCLok Sabha election 2024: Why India's elections take so long The Associated Press
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Netflix Stock Tumbles On Soft Guidance, Reduced Disclosure Investor's Business DailyNetflix now has nearly 270 million subscribers after another strong showing to begin 2024 The Associated PressNetflix Subscriber Numbers Fueled a Decade of Frenzied Streaming Bets. That Chapter Is Over Hollywood ReporterWhy Netflix's big planned change to its earnings reports is a bad sign MarketWatch
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Israel war live updates: Iran downplays attack; Israel remains silent USA TODAYNothing to see here: US, Israel go radio silent on strike against Iran ABC NewsMiddle East crisis live: Blinken calls for calm as Iran official says no plan for immediate retaliation to reported Israeli missile strike The GuardianU.S. officials expect Israeli response to Iran's retaliatory strikes will be limited NBC News
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Battery-material maker Novonix, electric vehicle charger manufacturer Wallbox and rare earth producer MP Materials Corp. were among about 35 recipients of clean energy tax credits totaling nearly $2 billion that were announced Friday by the Biden administration.
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Blood Test Predicts Multiple Sclerosis Years Before Symptoms Appear Neuroscience NewsAn autoantibody signature predictive for multiple sclerosis Nature.comSigns of multiple sclerosis show up in blood years before symptoms, study finds Medical XpressBlood Biomarker Reveals Signs of Multiple Sclerosis Years Before Genetic Engineering & Biotechnology NewsSigns of multiple sclerosis can be detected in blood 5 years before symptoms appear, new study finds. Here's why this breakthrough is important. Yahoo Life
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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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Bets on a Biden-led stimulus fuel outperformance by small stocks; green-energy companies hoped for an extension of investment-tax credits, and instruction on how to look cool and stay warm when dining outdoors.
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