News

EV tax credit elimination: What it could mean for Tesla and the US auto industry if it ends
While eliminating the electric vehicle tax credit would likely lead to a drop in EV sales and production, Tesla sales would ...
From gym memberships to gun silencers, Trump's tax bill is full of surprises
These provisions may not have top billing in the sweeping GOP tax bill, but they could have a big impact on Americans' ...
Carbon tax-paying firms can carry over unused offsets to 2025 due to limited carbon credit supply
This means they can offset up to 10 per cent of their taxable emissions using carbon credits in 2025. Read more at ...
Tax Guru16h
Understanding Goods and Services Tax (GST) and Input Tax Credit (ITC)
Input Tax Credit (ITC) is one of the fundamental aspects of GST and an important feature in mitigating tax burden on businesses. It enables a taxpayer to offset the tax incurred on inputs (inputs like ...
Republicans split on US credit downgrade as party's tax bill lingers
Moody's downgrade of the U.S. sovereign credit rating has elicited mixed responses among Republicans in Congress, with some ...
CT child tax credit still possible as budget talks hit home stretch
Democratic leaders are cautiously optimistic about one popular tax-cutting idea: A $150-per-child tax credit, up to $450 per ...
Seymour Tribune3d
Hoosier farmers celebrate legislative wins, but key transition tax credit falls short
Here’s a look at which farm-related measures passed — and which didn’t — during the most recent session. By: Casey Smith | ...
New film tax credits could make Louisiana more attractive to multi-million dollar productions
If signed, the bill would offer productions a 25% tax credit, one of the highest in the country. Projects could also qualify for an additional 15% credit on labor costs for hiring Louisiana residents.