Taxes July 31, 2025
New Federal School Voucher Program Poses a Quandary for States: Opt In or Opt Out?
A tax credit in Trump’s signature law leaves states to sort out rules, funding, and oversight.
Taxes December 2, 2024
Donald Trump’s EV Tax Credit Takeback Could Undermine Panasonic’s Kansas Plant
Panasonic's new plant in DeSoto, KS, faces uncertainty as the president-elect considers ending tax credits for electric vehicles.
Taxes November 26, 2024
IRS Will Phase in $600 1099-K Reporting Threshold in 2026
The agency on Nov. 26 set the reporting threshold at $5,000 for 2024, $2,500 in 2025, and $600 for 2026 and thereafter.
Taxes November 25, 2024
Newsom: California Will Offer EV Rebates if Trump Cuts Federal Tax Credit
Experts expect the Trump administration to reform, rather than eliminate, the $7,500 tax credit under the Inflation Reduction Act.
Legislation November 25, 2024
Trump Vows 25% Tariffs on Canada and Mexico, and 10% More on China on ‘Day One’
Trump said he would impose additional 10% tariffs on goods from China and 25% tariffs on all products from Mexico and Canada in posts to his Truth Social network on Monday that sent the dollar higher and equities lower.
Taxes November 23, 2024
Trump Nominates Hedge Fund Exec Bessent to Lead Treasury Department
Donald Trump has nominated Scott Bessent, the founder of Key Square Group, a global investment firm. The 62 year-old Yale alum served as an economic advisor during Trump's first administration, and a major campaign fundraiser and donor.
Taxes November 22, 2024
Top Hyundai Exec Says EVs Are ‘the Future’ Even if Trump Kills Tax Credit
“We are not planning our business based on tax credits,” José Muñoz, Hyundai North America’s chief executive, said Thursday.
Taxes November 21, 2024
House Tax-Exempt Crackdown Bill Passes Despite Democrat Defections
Fears of a vengeful Donald Trump caused dozens of House Democrats to rethink prior support for the legislation.
Taxes November 20, 2024
Treasury, IRS Final Regs on Direct Pay Expand Clean Energy Tax Credit Access
The rules provide more flexibility for direct pay-eligible entities that want to jointly invest in clean energy projects, Treasury says.
Taxes November 18, 2024
EV Tax Credit Death Could Be First Effect of New Trump-Musk ‘Bromance’
Analysts say revoking the consumer tax credit for plug-in electric vehicles would do more damage to the Detroit Three than to Tesla.
Taxes November 18, 2024
Consumer Demand for EV Rebates Spikes Amid Uncertainty Over Tax Incentives
President-elect Donald Trump has proposed killing the federal electric vehicle tax credit enacted by the Inflation Reduction Act.
Taxes November 4, 2024
Taxes, Tariffs and More: 5 Key Economic Stakes of the U.S. Election
Tuesday's election will have far-reaching economic consequences, ranging from how Americans are taxed to global trade and energy.
Taxes November 1, 2024
Campaign-Trail Tax Proposals Face Hard Road to Passage
Former members of Congress and staff have mixed predictions for the viability of the presidential candidates' tax proposals.