In a darkened hotel ballroom in San Jose, Calif., last November, the most powerful players in the semiconductor industry received a familiar sales pitch.Senator Chuck Schumer, the majority leader, appeared […]
Tax Credits, Deductions and Exemptions
Trending topics and news from the Tax Credits, Deductions and Exemptions category
Back to news homeEnergy Tax Credits, Meant to Help U.S. Suppliers, May Be Hard to Get
In April, Vice President Kamala Harris visited Qcells, a solar panel manufacturing facility in Dalton, Ga., to announce an early triumph of the Inflation Reduction Act: Summit Ridge Energy, one […]
Europe Frets U.S. Battery Factory Subsidies Will Hurt, Not Help
European leaders complained for years that the United States was not doing enough to fight climate change. Now that the Biden administration has devoted hundreds of billions of dollars to […]
Electric Vehicle Tax Credit Rules Create ‘Chaos for Consumers’
Designed to accelerate the shift to electric cars among other climate goals, the Inflation Reduction Act has in practice made buying such vehicles a lot more complicated.In August, the law […]
U.S. Car Brands Will Benefit Most From Electric Vehicle Tax Breaks
American brands like Tesla and General Motors will benefit most from rules that determine which electric vehicles qualify for tax credits starting on Tuesday. Foreign carmakers like Hyundai will be […]
What to Know About Buying Electric Cars and the New Emissions Rule
The Biden administration on Wednesday proposed ambitious auto emissions rules that could significantly change the kinds of cars and trucks on sale in the United States — but not right […]
What You Need to Know for the 2023 Tax Season
What did the I.R.S. do with savings and tax brackets limits to ease the sting of inflation?When a dollar buys less than it used to, the I.R.S. lets you put […]
Why Investing at the Last Moment Can Hurt Your Returns
The second person didn’t start until she reached age 35. Then, realizing that she needed to catch up, she kept investing $6,500 a year for the next 30 years. That […]
Chip Makers Turn Cutthroat in Fight for Share of Federal Money
Commerce Secretary Gina Raimondo told reporters on Wednesday that the goal was to create “at least two” new clusters of manufacturing capacity for leading-edge chips, in addition to facilities producing […]
How Arizona Is Positioning Itself for $52 Billion to the Chips Industry
In recent weeks, Gina Raimondo, the commerce secretary, has talked with Senator Mark Kelly of Arizona, spent time with the president of Arizona State University and appeared at a conference […]