|
Some people have an incentive to hold off on charitable giving until next year, in order to get the full tax reward for their generosity when new rules take effect.
|
RELATED ARTICLES | | |
|
"Her only concern is that it will show up as an asset or rental property on her end."
|
|
New regulations aim to prevent discrimination from artificial intelligence and automated systems as it relates to employment.
|
|
Here's How Much Lane Kiffin Could Reportedly Make At LSU ForbesLSU to pay Kiffin based on Ole Miss' CFP success ESPNWatch Live: Lane Kiffin Introductory Press Conference lsusports.netForde-Yard Dash: Assessing the Wreckage of Lane Kiffin's Latest Coaching Controversy Sports IllustratedGuest co
|
|
After East Wing demolition, White House tours are back just in time for the holidays NPRI toured the White House to see Melania Trump's Christmas decorations. The East Wing is no more, but the display was still dazzling. Business InsiderPHOTOS: 'Home is where the heart is': Melania Trump unveils White House Christmas decor KOMOInside this year's White House holiday decor CNN
|
|
Netflix quietly drops support for casting to most TVs Ars TechnicaNetflix Removes Casting From Phones To ‘Most' TVs—Here's What Still Works ForbesNetflix Removes Casting Option for Most TVs and Smart Devices CNETTravelers, beware: Netflix just killed the ability to cast content from your phone to TVs Fortune
|
|
Overuse of AI can be risky, and your workers and best job candidates really want there to be a human in the loop.
|
|
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
|
|
