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Insider share ownership and corporate profitability are key to finding stocks that have been temporarily sold off.
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Federal ruling blocks Hawaii's climate change tourist tax on cruise ships ABC NewsJudge upholds Hawaii's 'Green Fee' tax. What that means for travelers. USA TodayCruise industry fails to stop Hawaii cruise tax Travel WeeklyHawaii to add 11% ‘green fee' climate tax on cruise passengers starting Jan. 1 Straight Arrow News
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Jack Smith's closed-door testimony released by House Republicans after Judiciary Committee deposition NBC News7 takeaways from Jack Smith's congressional testimony PoliticoJack Smith told House committee he had ‘proof beyond reasonable doubt' in cases against Trump The GuardianCongress releases Jack Smith's testimony about Trump prosecutions BBCIn Hearing Transcript, Jack Smith Defen
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USPS Postmark Rules Change: What You Need to Know AARPBallots, tax returns and other important mail may not get postmarked the day you turn it in, Postal Service warns CNNPostmark change could impact getting ballots, bills in on time USA TodayUSPS changes may delay postmark dates. What it means for your tax returns, ballots, bills and more CNBC
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Fact Sheet: President Donald J. Trump Adjusts Imports of Timber, Lumber, and Their Derivative Products into the United States The White House (.gov)Trump postpones tariff hikes on furniture, kitchen cabinets for a year CNNTrump Delays New Tariff Hike on Furniture, Kitchen Cabinets Bloomberg.comTrump delays tariff hike for upholstered furniture, kitchen cabinets by one year Reuters
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MTV Channels Come Full Circle With Final Clip: "Video Killed The Radio Star" DeadlineIs MTV shutting down? What we know about TV network after Dec. 31 USA TodayMTV: A Farewell to the Channel That Changed Our World That Eric AlperMTV's Music-Only Channels Are Officially Going Dark Rolling StoneMTV Channels Going Offline Like They Began, with The Buggles' 'Video Killed the Radio Star'
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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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