No tax on tips, child tax credit, and MAGA saving accounts
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This year would be the last for a 30% tax credit for home solar panels and a $7,500 credit for electric vehicles if a proposal introduced in the US House of Representatives this week passes. It's still early in what could be a lengthy and contentious process for the federal budget.
U.S. energy industry trade groups have launched a last-minute lobbying blitz to urge Congress members to spare a slew of former President Joe Biden's clean energy tax credits from the chopping block in the Republican budget plan.
House Republicans are proposing to eliminate a tax credit for electric vehicles and phase out incentives to develop clean-energy projects to help pay for President Donald Trump’s massive tax package.
House Republicans released details on President Trump’s ‘one big, beautiful bill,’ including an increased child tax credit.
In a section titled "Working Families Over Elites," the House Ways and Means Committee has eliminated the residential investment tax credit (ITC) in its