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Biden administration finalizes clean electricity tax credits, says Trump should keep in place
Biden administration officials say new tax credits are available for companies that generate clean electricity and it would be a mistake for President-elect Donald Trump to try to undo them.
IRS, Treasury finalize rules for clean electricity tax credits
The Treasury Department and the Internal Revenue Service released final rules for the Clean Electricity Investment and Production Tax Credits in Sections 45Y and 48E of the Tax Code.
Biden team wraps up expanded clean energy credit guidance
The Biden administration on Tuesday released guidance to help companies secure clean energy tax credits under the 2022 Inflation Reduction Act, finalizing a program to extend subsidies long available for wind and solar to other low carbon sources.
Medical debt banned from credit reports by new Biden administration rule
Unpaid medical bills will no longer appear on credit reports, where they can block people from getting mortgages, car loans or small business loans, according to a final rule announced Tuesday by the Biden administration.
Biden administration bars medical debt from credit scores
The rules ban credit agencies from including medical debts on consumers’ credit reports and prohibit lenders from considering medical information in assessing borrowers.
10h
on MSN
Stimulus update: IRS to send out $2.4 billion in outstanding checks from 2021
This month, the Internal Revenue Service says it will distribute about $2.4 billion in outstanding stimulus check funds to ...
Accounting Today
7h
IRS proposes banning contingency fees
The Treasury Department and the Internal Revenue Service have proposed amendments to Circular 230, which governs practice before the IRS. The amendments are the most extensive since 2014, and cover ...
1d
When does tax season start? What you need to know about filing ahead of the 2025 season
The new year means new adventures, but it also means tax season is starting soon. Here's what to know about deadlines and new ...
ConsumerAffairs
1d
How to get ready for the 2025 tax-filing season
With the turn of the calendar, taxpayers should be preparing to file their 2024 tax returns. The Internal Revenue Service ...
16h
on MSN
Child Tax Credit for 2024: How Much You Get Compared to Previous Years
Child tax credits benefit parents and guardians when they file their yearly tax returns and typically provide a set amount per dependent child.
JD Supra
1d
IRS Finalizes New Rules for DeFi Brokers: Challenge Immediately Filed in Texas Federal Court
The U.S. Department of the Treasury and the Internal Revenue Service (IRS) released final regulations that significantly ...
1d
When can Wisconsinites start filing taxes? What to know about the 2025 tax season
State taxes are due on Tuesday, April 15, according to Wisconsin's Department of Revenue (DOR). For more information on state ...
4h
on MSN
SUN: Stimulus update: IRS to send out $2.4 billion in outstanding checks from 2021
This month, the Internal Revenue Service says it will distribute about $2.4 billion in outstanding stimulus check funds to ...
JD Supra
10h
Reminder: Employers Must Report 2024 ISO and ESPP Transactions
Deadlines are approaching for employers to report employee exercises of incentive stock options and employee stock purchase plan purchases ...
12h
Facing the Civil Fraud Penalty? Here’s What You Need to Know
The civil fraud penalty is imposed when the IRS determines that you intentionally falsified your tax return in order to evade ...
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Donald Trump
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