
IRS, Treasury Let U.S. Semiconductor Chip Makers Know How to Claim Tax Credit
Tax incentive looks to boost the making of semiconductors and semiconductor manufacturing equipment in the U.S.
Tax incentive looks to boost the making of semiconductors and semiconductor manufacturing equipment in the U.S.
Just 49% of workers know about the credit, which can help them save for retirement and lower their taxes, a survey found.
The change made Friday is likely to be the difference between thousands of dollars in consumer discounts.
Certain tax credits for children and dependents have been reduced, and the charitable deduction some taxpayers took advantage of during the pandemic years is no longer so easy to claim.