Why Biden’s EV tax credit could become hard to claim

Why Biden’s EV tax credit could become hard to claim

China-related restrictions on the subsidy are likely to kick in before automakers figure out how to replace China-produced graphite   From the Wall Street Journal — By Scott Patterson and Andrew Duehren  —  The Biden administration hopes to use generous tax...
The extra standard deduction for people age 65 and older

The extra standard deduction for people age 65 and older

From Kiplinger Personal Finance — By Kelley R. Taylor —  You’ve probably heard about the standard deduction, but did you know that the tax code offers a perk in the form of an extra standard deduction for people aged 65 or older? For eligible older adult filers, the...