Reported 7 days ago
The Inflation Reduction Act has allowed millions of consumers to receive cash back for purchasing clean technologies like electric vehicles and heat pumps, supported by the Biden administration. However, President-elect Donald Trump plans to cut funding for such incentives, which could significantly affect tax credits and rebates benefiting consumers. As Trump’s administration may change or eliminate these benefits, experts advise taking advantage of existing tax credits and rebates quickly, especially for electric vehicles and energy-efficient home improvements.
Source: YAHOO