Latest Tax refunds News

Which EVs qualify for new US tax credit? Websites offer help

Aug. 16, 2022 18:18 PM EDT

WASHINGTON (AP) — As part of the rollout of a huge new climate, tax and healthcare law, the U.S. government is moving forward with its plan to award new tax credits to electric vehicle purchasers. Several new websites launched Tuesday to help people identify which vehicles qualify...

Biden signs massive climate and health care legislation

Aug. 16, 2022 17:50 PM EDT

WASHINGTON (AP) — President Joe Biden signed Democrats’ landmark climate change and health care bill into law on Tuesday, delivering what he has called the “final piece” of his pared-down domestic agenda, as he aims to boost his party’s standing with voters less than three months before...

Arizona governor touts school voucher plan, slams opponents

Aug. 16, 2022 17:43 PM EDT

PHOENIX (AP) — Republican Arizona Gov. Doug Ducey and backers of universal school vouchers took a victory lap Tuesday over legislation the Republican-controlled Legislature enacted in June giving the state the nation's most expansive voucher system, and he also used the time to attack backers of...

Missouri halts solar tax break as federal incentives expand

Aug. 16, 2022 17:15 PM EDT

JEFFERSON CITY, Mo. (AP) — As the U.S. government expands incentives for renewable energy, a decision by the Missouri Supreme Court is moving the state in the opposite direction by halting a solar energy tax break that has been on the books for nearly a decade. Legislation signed...

What's in big Biden bill? Health, climate goals become law

Aug. 16, 2022 16:45 PM EDT

WASHINGTON (AP) — President Joe Biden arrived at the White House promising to “build back” America, and legislation he signed Tuesday delivers a slimmer, though not insignificant, version of that once sweeping idea. Approved by the divided Congress, the bill brings the biggest...

Inflation Reduction Act may have little impact on inflation

Aug. 16, 2022 16:11 PM EDT

WASHINGTON (AP) — With inflation raging near its highest level in four decades, President Joe Biden on Tuesday signed into law his landmark Inflation Reduction Act. Its title raises a tantalizing question: Will the measure actually tame the price spikes that have inflicted hardships on American...

New climate deal spurs hopes of more carbon storage projects

Aug. 15, 2022 19:13 PM EDT

GILLETTE, Wyo. (AP) — The rolling prairie lands of northeastern Wyoming have been a paradise of lush, knee-deep grass for sheep, cattle and pronghorn antelope this summer. But it’s a different green — greener energy — that geologist Fred McLaughlin seeks as he drills nearly...

Climate bill: Could coal communities shift to nuclear?

Aug. 13, 2022 13:20 PM EDT

PROVIDENCE, R.I. (AP) — A major economic bill headed to the president has “game-changing” incentives for the nuclear energy industry, experts say, and those tax credits are even more substantial if a facility is sited in a community where a coal plant is closing. The...

In Biden's big bill: Climate, health care, deficit reduction

Aug. 12, 2022 19:27 PM EDT

WASHINGTON (AP) — The biggest investment ever in the U.S. to fight climate change. A hard-fought cap on out-of-pocket prescription drug costs for Medicare recipients. A new corporate minimum tax to ensure big businesses pay their share. And billions left over to pay down federal...

Sweeping climate bill pushes American energy to go green

Aug. 11, 2022 20:37 PM EDT

WASHINGTON (AP) — After decades of inaction in the face of escalating natural disasters and sustained global warming, Congress hopes to make clean energy so cheap in all aspects of life that it’s nearly irresistible. The House is poised to pass a transformative bill Friday that would provide...