Wait, how much will the Inflation Reduction Act's climate provisions cost?

Mar 13, 2024
We break down the role of uncapped tax credits in the IRA's climate provisions with John Bistline of the Electric Power Research Institute.
Many of the IRA's tax credits are not capped and last for at least 10 years, creating variability in the total projected cost.
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Electric vehicle tax credits are getting complicated

Dec 7, 2023
Some popular auto models will no longer get the full tax credit next year because of where their components originate.
Some EVs, like the popular Tesla Model 3 seen above, will no longer qualify for a full $7,500 federal tax credit starting next year, as too many of their components originate in China.
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EV tax credit will be simpler in 2024 with an instant rebate at dealership

Oct 11, 2023
The goal: Make buying an electric vehicle more attractive and simpler.
The instant rebate for electric vehicles coming in January is meant to make EVs like the Chevrolet Bolt, above, more attractive to buyers.
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New tax incentives ease home improvements to beat the heat

Jul 19, 2023
Expanded tax credits in the Inflation Reduction Act help pay for weatherizing homes and installing heat pumps.
Heat pumps are among the energy-conserving tools that new tax credits will partially cover.
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Consumers have a host of new 'green' tax incentives to consider

Apr 6, 2023
The Inflation Reduction Act adds new tax credits for home energy efficient tech.
Though solar panel tax credits aren't new, the cost of the project is now eligible for a 30% tax credit.
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Your tax refund may be smaller this year

Apr 5, 2023
Pandemic tax credits have dried up, like the temporary expansion of the child tax credit and the earned income tax credit.
Without pandemic-era expanded tax credits, low- and middle-income families will likely see lower tax returns.
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The Inflation Reduction Act wants to incentivize electric car purchases – but there's a catch

Aug 10, 2022
The bill includes language that would make most existing electric vehicle models ineligible for the tax credit that's intended to make them more affordable.
People look at the engine of a Chevrolet Bolt EV at the New York International Auto Show at the Jacob K. Javits Convention Center on April 15, 2022 in New York City.
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For public good, not for profit.

A gust of wind energy blows through the U.S.

Aug 25, 2021
Last year was a record year for installation of wind energy equipment, partially benefiting from five years straight of federal tax credits for producers.
A windfarm is seen near Palm Springs, California, in December 2006. Wind energy is the country's largest renewable energy source, but on-again, off-again tax credits have hindered turbine manufacturing.
Gabriel Bouys/AFP via Getty Images

Should low-income workers without kids get expanded tax credits?

May 31, 2019
An expanded earned income tax credit has been floated by a number of Democratic presidential hopefuls.
New tax season, new rules but same amount of refund?
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Tax credit for GM's electric cars starts to phase out

Mar 28, 2019
On April 1, the credit will drop by 50 percent.
Visitors admire the Chevy Volt at the annual auto engineering exhibition in Yokohama, suburban Tokyo on May 19, 2011.
YOSHIKAZU TSUNO/AFP/Getty Images