Editor’s note: President Donald Trump signed the “One Big Beautiful Bill Act” (OBBBA) into law on July 4, 2025. A major component of the bill was the elimination of the federal electric vehicle tax ...
Caren Weiner is the lead editor for consumer finance at Forbes Advisor. During her decades as a personal finance journalist, she has covered mutual funds, taxes, banking and health insurance ...
A $7,500 tax credit for new electric vehicles became available as a point-of-sale discount from car dealers in January 2024. Previously, buyers had to wait until filing an annual tax return the year ...
The federal clean vehicle tax credit was set to expire at the end of 2032, but the mega-tax bill signed into law in July pushed that expiration deadline up to Sept. 30 Not everyone will qualify for ...
In her video “The Hidden Tax Trap,” Fix argues that some states – with Virginia as the poster child – have quietly turned ...