California lawmakers have approved legislation that extends boosting film and television production in the state and added a requirement that qualifying production companies have new gun safety and diversity programs. Assembly Bill (AB) 132, authored by Sen. Anthony Portantino (D-Burbank) passed the Legislature June 27 and is now on Gov. Gavin Newsom’s desk awaiting signature….

Small businesses can save a lot of money if they take time to plan how they can reduce their taxes. Waiting until the end of the year to discover which tax credits or tax deductions you can get is too late. Most likely, you will wish you knew about some new deductions before the year…

The vast majority of all-electric vehicle (EV) models will not be eligible for tax credits of up to $7,500, according to federal rules that come into effect on April 18, which could have a dampening impact on potential car buyers looking to go electric. Only 16 EVs from four brands are eligible for tax credits…

A Republican state lawmaker in Texas has introduced a bill that seeks to promote large families by offering property tax credits for married couples who have at least four children. HB 2889 (pdf), filed by state Rep. Bryan Slaton on Feb. 27, seeks to promote marriage and families with varying levels of property tax relief,…

Electric Vehicles (EVs) that are assembled outside of but leased within the United States may be eligible for clean vehicle tax credits, according to new guidelines published by the U.S. Treasury Department. This follows a plea in November from South Korean and Japanese officials who sought more “flexibility” from the U.S. for foreign automakers in…

Tax credits have been a go-to move for the U.S. government to incentivize renewable energy project developers for years. Yet substantial profits are ending up in the pockets of the corporate banking industry. As of last year, the renewable tax equity market represents a $20 billion industry for big banks. The timing is auspicious for financial lenders…

Raising children can be expensive and it’s not getting any cheaper. One excellent place to start keeping more money for your family is to pay less in taxes. There are several ways to reduce your tax bill for the next year—and the earlier you start, the more money you will save. Take Advantage and Learn…

The mistake many taxpayers make when considering tax credits is they don’t think about tax credits from the previous year until they are filing their taxes. Start planning early. Whether they are credits new for the tax year 2022, or old ones that have changed, you need to know what is available to you so…

A vast majority of middle-income families are paying higher personal income taxes due to tax changes made by the Liberal government, a new study by the Fraser Institute finds. The study, which focuses on couples or single parents with children under the age of 18, finds that 86 percent of families with combined incomes between…

Commentary Since taking office in 2015, the Trudeau government has repeatedly claimed to have lowered personal income taxes for middle-class Canadians. However, recent data demonstrate that the government has not actually provided income tax relief to middle-class families, and it continues to confuse government transfers with taxes. First, some quick history. After the 2015 election,…