The credit is not refundable: If you don't owe any taxes, you won't be able to claim it. However, you can carry it forward to reduce your tax liability in the future. If you became a parent in ...

The Child Tax Credit has been an integral policy for families in recent years, and it could save you thousands. Here's what you need to know about qualifying for your 2024 taxes. The maximum tax ...

The federal tax credit for electric vehicle purchases has far outlived its purpose and now stands as a glaring example of government overreach and economic inequity. Originally introduced in 2008 ...

If you’re shopping for or researching an electric vehicle in 2025, you’ve probably heard that significant changes in the federal tax credit of up to $7,500 for EVs and plug-in hybrids took ...

Laws are in place preventing anyone claiming a child tax credit from getting their refund before a certain date, so how long will you be waiting this year? Thomas Kika Writer Thomas is a native of ...

President-elect Donald Trump‘s transition team is planning to eliminate a $7,500 electric vehicle tax credit that helps consumers afford clean cars while supporting the U.S. auto industry.

The Earned Income Tax Credit (EITC) can reduces how much you owe in taxes or boost your refund by thousands of dollars . But whether you can take the credit depends on your filing status and your ...

Newsweek magazine delivered to your door Newsweek Voices: Diverse audio opinions Enjoy ad-free browsing on Newsweek.com Comment on articles Newsweek app updates on-the-go ...

The median annual cost, according to the study, is $22,850. Which is why, politicians have been talking about the Child Tax Credit in recent years, which could save families thousands of dollars.

Hyundai, Kia, and Genesis EVs will qualify for the federal tax credit - if it's still around, anyway. Hyundai had an impressive run in 2024, selling more than 44,000 Ioniq 5 models. While its EVs ...

As sales of electric vehicles continue to grow in 2025, many new and prospective customers have questions about qualifying for a federal tax credit on EVs. Whether your vehicle qualifies or not is ...

The Tesla Cybertruck just got more affordable. The stainless-steel-bodied electric pickup truck is now eligible for the $7500 federal tax credit. It applies to the dual-motor Cybertruck ...