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A tax credit is a dollar-for-dollar reduction of your tax bill. It's different than a tax deduction — you claim it regardless of whether you itemize.
Earlier this month, none of Tesla's cars were eligible for the Canadian tax credit because they were too expensive.
Tesla rises on news that the tax credit for electric vehicles may be extended. The legislation has been proposed by a bipartisan group of lawmakers.
There's still no word on when the originally promised $35,000 version will hit the market.
You may be able to cut down your tax bill with a little-known credit if you saved for retirement this year
The Saver's Credit enables low- to moderate-income taxpayers saving for retirement to reduce their tax bill by up to $2,000.
Republicans quietly added a provision to their tax bill that would hurt millions of children whose parents are undocumented
Under the GOP's proposed tax plan,