Browsing Tag

Tax credits

Biden, Trump Debate Economic Policies, Prioritize Inflation Reduction

TL/DR - In the first presidential debate, Joe Biden and Donald Trump clashed over their respective economic policies, with a particular focus on inflation reduction. Each candidate presented their plan and strategies to handle the U.S economy amidst the ongoing pandemic. The critical issues in their economic policies revolve around taxation, job…

Will governments decipher Inflation Reduction Act tax credits?

TL/DR - The Inflation Reduction Act (IRA) has allowed governments to access tax credits for the first time, aimed at funding clean energy and other green projects. Consequently, the U.S. Treasury has introduced the "direct pay" program, enabling tax-exempt organizations such as local, state, and tribal governments to be paid directly once a…