Details of the New Tax Rules for Electric Vehicles
The new law retains the maximum credit of $7,500 for 2023 through 2032. However, the IRA changes other rules of the road, as follows:
research credits
The Work Opportunity Tax Credit for 2022 (WOTC)
The latest extension—approved as part of the Consolidated Appropriations Act (CAA)—continues the WOTC for a five-year period.
Important Information for Parents Regarding the American Rescue Plan Act
The recent aid package included new stimulus payment amounts including an increased amount for each dependent. Additionally, there is relief for families facing unemployment by allowing an exclusion for unemployment income claimed on your tax return.
When Will You Get Your 2019 IRS Income Tax Refund? Tax Refund Date Chart
This chart shows an estimated timeline for when a taxpayer is likely to receive their refund. If yours is delayed, use the "Where's My Refund?"tool on the IRS website - Or download the IRS2Go app to check your refund status.