Trump, Tax Cut
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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.
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.
If you’ve been mulling over an electric car purchase, you have just under three months to get a big, fat, federally funded discount on the hood. Now that the Republicans’ “Big Beautiful Bill” has passed, the $7,500 federal EV tax credit is set to expire after September 30—about eight years early.
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.
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.