
2023 tax credits for EVs: How they'll work and who can get them
CBSN
Starting January 1, many Americans will qualify for a tax credit of up to $7,500 for buying an electric vehicle. The credit, part of changes enacted in the Inflation Reduction Act, is designed to spur EV sales and reduce greenhouse emissions.
But a complex web of requirements, including where vehicles and batteries must be manufactured to qualify, is casting doubt on whether anyone can receive the full $7,500 credit next year.

Washington — President Trump is bringing pomp and circumstance to his signing of the "big, beautiful bill" on Friday, with a 4 p.m. Independence Day ceremony at the White House. The current $2,000 child tax credit, which would return to a pre-2017 level of $1,000 in 2026, will permanently increase to $2,200. The bill would allow many tipped workers to deduct up to $25,000 of their tips and overtime from their taxes. That provision expires in 2028. The bill would make changes to the Supplemental Nutrition Assistance Program, or food stamps, expanding work requirements and requiring state governments with higher payment error rates to cover some of the program's costs. The legislation also includes more than $46.5 billion for border wall construction and related expenses, $45 billion to expand detention capacity for immigrants in custody and about $30 billion in funding for hiring, training and other resources for U.S. Immigration and Customs Enforcement. The legislation would raise the debt ceiling by $5 trillion, going beyond the $4 trillion outlined in the initial House-passed bill. Congress faces a deadline to address the debt limit later this summer.

Washington — The Supreme Court on Thursday cleared the way for the Trump administration to deport a group of migrants with criminal records held at a U.S. naval base in Djibouti, clarifying the scope of its earlier order that lifted restrictions on removals to countries that are not deportees' places of origin.