tax credits


New Mexico Legislature passes sweeping tax-relief plan – Associated Press

 New Mexico’s Legislature passed a $1.1 billion tax relief package Saturday at the close of its annual session as lawmakers tapped a financial windfall from oil production in efforts to break through entrenched cycles of poverty with tax refunds to working families with children, reduced tax rates and increased incentives for private industry. The House


Opinion: How a U.S-EU Green Energy Subsidy War Harms Taxpayers – Inside Sources

The Biden administration hopes to assuage European economic fears over green energy subsidies in the Inflation Reduction Act. The European Union is concerned that the law gives tax credits on certain electric or hybrid vehicles built in North America, excluding those made in the EU. This has the potential to start a green energy subsidies war


Make your Donation to a Qualified Charity by April 18 to Claim a Tax Credit on 2021 Tax Return

Taxpayers wanting to make donations to qualified charitable organizations and claim the Arizona tax credits on their 2021 Arizona individual income tax return have until the tax deadline of April 18, advises the Arizona Department of Revenue (ADOR). Qualifying Charitable Organizations and Qualifying Foster Care Charitable Organizations In Arizona, there are two tax credits for

Internal Revenue Service

IRS plans to hire 10,000 workers to relieve massive backlog

The IRS said Thursday it plans to hire 10,000 new workers to help reduce a massive backlog that the government says will make this tax season the most challenging in history. The agency released a plan to work down the tens of millions of filings that includes speeding up the traditionally slow hiring process, relying