Trump, Tax Cut
Digest more
A new child tax credit is coming, bringing changes that will alter how much assistance families receive and which families can receive it.
Which EVs qualify for the federal tax credit in 2025? When is the program ending? All your burning questions, answered.
The federal EV tax credit in the U.S. will end this September. The boss of Cadillac thinks the luxury brand is in a good position for what comes next.
John Roth, VP of global Cadillac, said during a July 10 media briefing that the company is capable of adjusting EV plans as the tax change looms.
Automakers are urging customers to snap up electric vehicles before a $7,500 U.S. tax credit goes away this fall.
President Donald Trump has signed the "Big, Beautiful Bill" into law, a sweeping tax cut and spending package. The new law includes several changes to the Child Tax Credit (CTC), a tax
Changes to the Child Tax Credit are embedded in the Republican One Big Beautiful Bill Act, which is set to become law on July 4.
The Clean Vehicle Credit, overhauled and extended through 2032 as part of the Inflation Reduction Act, will now end after Sept. 30 under President Donald Trump's "big beautiful" tax-and-spending package, meaning potential buyers have just a few months to act before the credit is discontinued.
Lawmakers would eliminate a $7,500 tax credit for households that buy or lease new EVs, as well as a $4,000 credit for consumers who purchase used EVs.
Executives at America’s largest corporations watched Donald Trump sign a massive tax-cut bill without any change in their own companies’ tax rates — and were grateful for their good luck.