A provision within the bill would extend and enhance a tax credit for employers who offer their staff paid family and medical leave (PFML), encouraging more businesses to offer the benefit. AARP ...

How to calculate ITCs for reimbursements A full ITC (or 50% if meals and entertainment) for the GST/HST paid in respect of a reimbursement made to an employee is available only to a GST/HST registrant ...

In the false input credit case, Patanjali Ayurved will have to cough up ₹273 crore by way of penalty. However, it looks like this is not the end of the matter as the company will most likely contest ...

GST: The government has made the ISD mechanism mandatory, effective April 1, 2025. This means that the distribution of common input tax credit (ITC) must be carried out exclusively through the ISD ...

The Tax Cuts and Jobs Act, or TCJA, of 2017 temporarily boosted the maximum child tax credit from $1,000 to $2,000, which will expire after 2025 without action from Congress. If enacted, the ...

Under the One Big Beautiful Bill Act passed by the House in late May, the EV tax credit would be phased out after 2026, six years earlier than the Biden administration had planned. However, for ...

A $1.5 million ad blitz is hitting conservative channels urging President Donald Trump and Sen. Todd Young not to kill clean energy tax credits as Congress debates a massive reconciliation bill.

Mahalo to Gov. Josh Green for announcing his intent to veto House Bill 796, which would eliminate Hawaii’s renewable energy tax credits, among others. A veto would preserve these credits, which ...

US senators have drafted a tax bill that proposes temporarily increasing the investment tax credit for semiconductor manufacturers from 25 to 30 percent. It’s hoped the increased tax credit will ...

In the United States, tax incentives and infrastructure investments play a role in speeding the adoption of electric vehicles (EV). In a new study, researchers examined the effects of competing ...

SEG Solar, which opened a solar module factory in Houston less than a year ago, completed its first sale of Section 45X Advanced Manufacturing Production Tax Credits, with a total value of up to $50 ...