The U.S. Treasury Department recently updated the rules for electric vehicle (EV) tax credits under the 2022 Inflation Reduction Act, stirring up a bit of a storm.

Each year, tens of millions of Americans file their tax returns, and a significant number of them are missing out on a valuable credit, the earned income tax credit (EITC), according to the IRS

In recent years, there has been a substantial investment of taxpayer dollars in adding electric buses to transit fleets across the United States, aiming to reduce carbon emissions.

As of January 1st, the Biden administration's updated rules now have a significantly reduced number of electric vehicle models eligible for the popular $7,500 consumer tax credit.

The UK government has announced a reduction in National Insurance tax for workers from 12% to 10%, aiming to provide relief amid a cost-of-living crisis.

The IRS is set to launch a pilot electronic free file tax return system in January, inviting taxpayers from 13 states to participate.

House Republicans are pressing the IRS for answers regarding the delay in processing new claims for the pandemic-era small business tax credit known as the employee retention credit (ERC).

IRS Commissioner Danny Werfel has ordered the immediate suspension of new claims for the employee retention credit (ERC), a pandemic-era small business tax break, due to a surge in questionable claims.

The Arizona Legislature approved a bill allowing Maricopa County to hold a transportation tax election in the coming year.

In their commentary published in The Baltimore Sun, Samuel Jordan, Eric Norton, and Michael Scepaniak criticize Baltimore's new regional transportation plan, Resilience 2050, for perpetuating an automobile-centric approach.

Business owners seeking to claim the Employee Retention Credit (ERC) should exercise caution to avoid falling victim to scams and misinformation.

As the average price of diesel fuel shows a downward trend, several states in the US are preparing to make changes to their diesel fuel taxes, effective from July 1st.

The adoption of mileage-based charges instead of traditional fuel taxes poses challenges as states seek to address the declining revenue from fuel taxes due to factors such as fuel efficiency and the rise of electric vehicles.

The digitization of commerce and the growth of cross-channel selling have increased friction points in the buying process.

The concept of a "tax credit loophole" regarding the rise in electric vehicle (EV) leasing implies a scenario where individuals or businesses leverage specific tax incentives or loopholes to maximize the advantages of leasing EVs.

Amazon has been granted tax breaks worth an estimated $1 billion by officials in a remote county in northeastern Oregon to establish five new data centers.

The purpose of electric vehicle rebates is to encourage consumers to choose cleaner and more affordable EVs over traditional gasoline or diesel-powered vehicles.

With Tax Day upon us, small businesses are already struggling with economic growth, and the IRS has not been of much help.

The EBIKE act launched two years ago, had proposed giving Americans a $1500 price tag reduction on a brand new Ebike.

Additionally, the approval of a sprawling Tesla vehicle battery facility east of Reno will include the construction of a long-awaited electric semi-truck factory.