Browsing Tag

Inflation Reduction Act

DOE Announces $15.5 Billion Fund to Transform Auto Plants for Electric Vehicles

Dahlia Martyna Sep 2, 2023

The Biden administration announced on Thursday that it will provide $15.5 billion to assist manufacturers in retooling existing plants that produce gas-powered vehicles and converting them into factories that produce electric cars and…

Tax Credits for EVs: How to qualify for up to $7,500 credit in 2023?

Clark Baisa Dec 27, 2022

Beginning on January 1, many Americans will be eligible for a tax credit of up to $7,500 if they purchase an electric vehicle. The credit, implemented as part of the Inflation Reduction Act, is intended to increase sales of electric…

IRS $80 Billion Additional Funding To Help Ageny Catch Tax Evaders

Rose Nov 26, 2022

Biden intends to enhance money for the IRS through the Inflation Reduction Act to assist the agency in catching crafty tax evaders, particularly wealthy earners who like finding legal loopholes. The additional funds, according to a…

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