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US military jets hit in Iran war are the first shot down by enemy fire in over 20 years AP NewsSearch for missing airman presents serious test for US BBCCrashes, Ejections and a Frantic Search for a Missing Airman in Iran WSJLive updates: Search continues for missing US F-15 crew member CNNSearch For Missing U.S. Pilot In Iran Continues
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Judge halts Trump effort requiring colleges to show they don't consider race in admissions NPRJudge blocks Trump's college admissions data push in 17 states PoliticoFederal judge halts White House effort to collect university data on applicants' race The GuardianTrump administration can't make colleges provide race-related data, judge rules Reuters
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Gold suffered its biggest monthly drop in nearly 13 years and some central banks have shifted from being buyers to sellers — but that actually proves the precious metal can be more valuable to investors than it's ever been.
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Artemis 2 astronauts — now halfway to the moon — report 'burning smell' from toilet, but everything's fine SpaceArtemis II astronauts have a toilet problem. Here's a brief history of bathroom issues in space CNNAfter toilet and email issues, Artemis II astronauts fire engine to head for the moon NBC NewsArtemis II Flight Update: Crew and Ground Teams Successfully Troubleshoot Orion's Toilet NASA (.gov)
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The night Geno Auriemma snapped — and Dawn Staley showed the game has changed The New York Times'Frustrated' Auriemma gets into heated sideline spat with Staley after loss ESPNESPN analysts torch legendary college basketball coach's ‘problematic' behavior NJ.com
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‘Paradigm shift:' How Trump's budget request will keep everyone guessing Politico"We're fighting wars": Trump bets his presidency on the Pentagon AxiosTrump's new budget proposal is historic — in one of the worst ways possible MS NOWWhite House budget proposal silent on civilian federal pay raise Federal News NetworkTrump Requests $1.5 Trillion for Military Spending The New York Times
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As online betting has grown in popularity, a new report from the New York Federal Reserve builds on the troubling link between legal sports wagering and financial health.
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The Internal Revenue Service is providing 'outstanding service' this season, according to CEO Frank Bisignano
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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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