Tag Archives: credit
NY Family Tax Credits Could Expand
Since the expiration of a federal expansion of tax credits for families last year, NY lawmakers want to make it a key provision in the state. This would be meant to give increased support to families with kids younger than … Continue reading
Ford Shadows Tesla in Cutting EV Prices
On Monday, Ford Motors announced it was cutting prices on its top-selling battery-powered vehicle, the Mustang Mach-E. They also said they will be increasing the production of the sport-utility vehicle. This is just one of the few signs of ever-intensifying … Continue reading
State Senators to Reintroduce Restaurant Revitalization Tax Credit
Sens. Ben Cardin (D-Md. ), Sherrod Brown (D-Ohio) and Patty Murray (D-Wash.) are reintroducing the Restaurant Revitalization Tax Credit Act to the new 118th Congress. The legislation would create a special tax credit for those who applied for and were … Continue reading
NYS To Offer Tax Credits to Volunteer Firefighters and EMS Workers
New York state has announced that it will offer a tax break to volunteer firefighters and emergency medical service (EMS) workers. The program, which was signed into law by Governor Kathy Hochul, will provide a credit of up to $200 … Continue reading
NY Lawmakers Eye Revamped & Expanded Child Tax Credit
Lawmakers in New York looking to get more cash back into the pockets of residents by restructuring the Child Tax Credit. Backers of the newly proposed model which was unveiled on Thursday, say that this restructure could decrease child poverty … Continue reading
Home Equity Line of Credit (HELOC) – Basic Breakdown
A home equity line of credit, or HELOC, is a second mortgage on your home that gives you access to cash based on the value. A HELOC is typically used for larger expenses or to consolidate higher-interest-rate debt on other … Continue reading
Window Films to Get New Tax Credit Benefits and an Extension Through 2032
This past August, the Biden Administration announced the Inflation Reduction Act which included a plethora of different things from a focus on climate change and energy, to healthcare costs and prescription drugs. Hidden within the deal as well, however, are … Continue reading
Senate reaches a deal regarding EV tax credits sought by Tesla, Toyota
A bid deal between senators Chuck Schumer and Joe Manchin includes a very popular consumer tax credit extension regarding the purchase of electric vehicles. This is a massive benefit to EV giants like General Motors, Tesla, and Toyota. This credit … Continue reading