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He's Chevy Chase, and He's Still Like That The New York TimesTerry Sweeney doubles down on 'rotten' Chevy Chase after 'SNL' fiasco USA TodayYvette Nicole Brown Appears to Put CNN Chevy Chase Doc on Blast: "Keep My Name Out of Your Mouth" The Hollywood ReporterChevy Chase Had 'Meltdown' After N-Word 'Community' Incident Leaked, Witness Recalls People.com
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Flu cases are rising with a new strain that makes older people sicker The Washington PostState urges caution as flu cases rise Hawaii News NowFlu cases are surging and rates will likely get worse, new CDC data shows NPRLatest CDC data shows flu activity is increasing sharply across the US CNN
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Gold and silver are on pace for their biggest yearly percentage gains since 1979.
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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
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Hyphen aims to make service better and more efficient, and it has investors including Cava and Chipotle.
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When states begin marketing citizenship and incentives, it often marks deeper shifts toward modernization and capital-friendly policy environments.
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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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