Over the last few years, there have been a number of changes to the tax law. These include new federal tax brackets, standard deduction changes, and elimination of the personal exemption.

One of the many tax terms that may be hard to understand is a "federal tax credit." In simple terms, this type of credit is a benefit offered by the government to help reduce your tax liability.

The federal electric vehicle tax credit generally provides up to $7,500 for qualified new vehicles and up to $4,000 for qualified used vehicles. The credit's future could be in jeopardy because of ...

Once the temporary reduction expires, the seven federal income tax rates will be 10%, 15%, 25%, 28%, 33%, 35%, and 39.6%. But the upcoming rate change isn't necessarily set in stone; it could be ...

The suggested annual EV registration fee, which essentially operates as a tax, is based on a Federal Highway Administration estimation that the average American uses about 550 gallons of gas per ...