The IRS has taken the unusual step of reopening its portal for auto dealers to submit time of sale reports for EVs sold last ...

The EV tax credit saw a major revamp in 2024, which enabled some buyers to benefit at the point of sale. But some tax ...

The IRS has taken the unusual step of reopening its portal for auto dealers to submit time of sale reports for EVs sold last year to fix tax troubles.

The Inflation Reduction Act passed by Congress last year included enticements to go green, including a $7,500 tax credit for ...

Clean vehicle tax credit rules are complicated — and will not work for everyone. President Donald Trump might ultimately put an end to EV tax credits for consumers, according to some experts.

The American Energy Institute released new research this week explaining how EV subsidies, combined with an emissions credit ...

Buyers who lost out on the $7,500 EV tax credit due to dealer reporting issues can now claim it retroactively, thanks to a new IRS fix.

Taxpayers could fall into plenty of potholes if someone takes a wrong turn when claiming an attractive tax credit for buying an electric vehicle on their 2024 tax return. And they might get into ...

It's an unusual step to fix a nagging tax problem. Earlier in March, I wrote a column that highlighted the clean vehicle tax credit snafu that was gumming up some 2024 federal income tax returns.

Some car owners couldn't claim the EV tax credit for vehicles purchased in 2024 because dealers skipped a key sales reporting ...