Evening Edition: Last Chance For Americans To Claim Stimulus Check
FOX's Tonya J. Powers speaks with Lisa Greene-Lewis, certified public accountant and TurboTax tax expert, who shares tips on getting the most out of your return and advice on what to do if you miss the filing date.
For more tips and advice, visit the the Recovery Rebate blog
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Yahoo
14 minutes ago
- Yahoo
If You're Thinking About Buying an EV, Trump Made Now the Time To Do It
If you've been on the fence about switching to an electric vehicle (EV), now might be the perfect time to make the leap. Tax credits for buying an EV were supposed to last through 2032, per CNBC, but President Donald Trump's 'One Big Beautiful Bill' killed the tax breaks for new and used EVs. While the bill axed the credit, there's still time to take advantage before EVs become more costly. With the clean vehicle credit, qualified buyers can receive a $7,500 credit for new EV or a $4,000 credit for a used EV until Sept. 30 2025. The credit can reduce the cost of the vehicle by thousands; however, there are several restrictions to take note of. Read Next: Check Out: Here's what to know about the credit and why it might be the smartest time to buy. Clean Vehicle Credit Guidelines Not all buyers can cash in on the credit. According to the IRS, income ceilings stop at $150,000 for individual filers. That rises to $225,000 for heads of household and $300,000 for joint filers. According to Rob Dillan, automotive expert and founder of EVhype, there are price caps for vehicles, too — $55,000 for sedans and $80,000 for vans, SUVs and trucks. 'Fifty percent or more of a vehicle's battery must also be made with American parts, and the vehicle must be constructed with materials from the United States or countries the United States has trade agreements with,' he explained. 'These criteria will also rule out some EV models, so potential buyers will need to verify eligibility before purchasing.' In addition, the EV must weigh less than 14,000 pounds in gross vehicle weight, have a battery storage capacity of 7 kilowatt-hours or more, go through final production in North America, and be produced by a qualified manufacturer (excluding fuel-cell vehicles), per TurboTax. Learn More: Now Is the Time To Buy If you qualify, the credit could significantly lower the cost of buying an EV. 'The credit is going to make a big difference in cost, since the average transaction price of a new EV in 2025 is projected to be $56,910,' Dillan said. 'The federal tax credit is also likely to disappear in September based on timing alone, so now certainly seems to be the time for potential owners to move if they want to cash in on this financial bonus.' EV Considerations EV sales are up 11.4% year over year, according to Kelley Blue Book, with new models from Acura, Audi, Chevrolet, Honda and Porsche helping drive up sales. But before deciding whether an EV is the way to go, there are many things to consider. 'Depreciation is a big factor to take note of,' Dillan said. 'Some electric vehicle models hold only 49% of their value after two years, compared with 83% for gasoline-powered cars.' Reasons for the drop in value include battery life, limited charging stations, quickly evolving tech that becomes obsolete in older models and brand reputation, per Diminished Value of Georgia. With that in mind, it reported that the Tesla Model 3 and Hyundai Kona Electric are proving to have a higher resale value than previous EV models. Owning an EV will save you on gas, but Dillan said without the tax credit savings, 'the massive savings on maintenance and fuel bills are likely not enough to recoup the higher purchase price and possible depreciation hit of an electric vehicle.' Editor's note on political coverage: GOBankingRates is nonpartisan and strives to cover all aspects of the economy objectively and present balanced reports on politically focused finance stories. You can find more coverage of this topic on More From GOBankingRates Here's the Minimum Salary Required To Be Considered Upper Class in 2025 This article originally appeared on If You're Thinking About Buying an EV, Trump Made Now the Time To Do It Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Business Wire
15 minutes ago
- Business Wire
Avangrid Achieves Milestone with 80 Power Generation Projects in Operation
ORANGE, Conn.--(BUSINESS WIRE)--Avangrid, Inc., a leading energy company and member of the Iberdrola Group, today announced that it has placed its 80 th U.S. power generation project into operation, marking a major milestone for the company as it provides energy to homes and businesses in 23 states across the country. Over the past six months, Avangrid announced that it achieved commercial operation on three new solar projects in Texas, Ohio, and California, adding nearly 600 megawatts (MW) to the grid, enough energy to power over 100,000 homes. This achievement builds on Avangrid's commitment to helping the nation meet its growing demand for energy while bolstering the U.S. economy. 'For over two decades, Avangrid has been delivering energy to homes and businesses across the nation, and today that portfolio has grown to 80 facilities spanning from coast to coast,' said Jose Antonio Miranda, Avangrid CEO. 'Achieving this milestone comes at a critical time as we work to bring new energy capacity online to meet growing electricity demand from a variety of sources, particularly the construction of new data centers. In just the past six months, Avangrid has achieved commercial operation at three new projects, demonstrating our ability to meet the needs of our customers and bring needed capacity to increasingly strained electric grids. We will continue to collaborate with our partners as we work to secure American energy independence and support jobs and economic growth across the U.S.' In March 2025, Avangrid announced that it achieved commercial operations at its True North Solar project in Falls County, Texas. This 321 MWdc project is supporting Meta's operations, including its upcoming data center in Temple, TX. In June 2025, Avangrid announced commercial operations at Camino Solar, a 57 MWdc project in Kern County, California as well as commercial operations at Powell Creek Solar, a 202 MWdc project in Putnam County, Ohio. Communities across the country realize tangible economic and social benefits thanks to Avangrid's portfolio of projects. These 80 operating projects supported over 12,000 jobs (direct, indirect, and induced) last year. Additionally, the company's power generation business contributed $112 million in taxes to state and local jurisdictions, paid $97 million in lease payments, and delivered $2.1 million in community support in 2024. Avangrid, including its power generation business and regulated utilities in the Northeast, has also grown its support of U.S. companies through its supply chain, investing $4.3 billion with U.S. companies last year. In Oregon and Washington, for example, Avangrid has a large business office, its National Control Center, National Training Center, and approximately 3.0 GW of generating capacity, representing a key region for the company. Avangrid's operations support approximately 500 jobs and paid nearly $30 million in taxes, combined across both states. 'For many years, Avangrid has been a valuable member of Oregon's business community and has played an important role in providing Oregonians with reliable energy,' said Angela Wilhelms, president and CEO of Oregon Business and Industry. 'Avangrid has been a leader in the energy industry in the Northwest for many years, with a talented local workforce, innovative operations, and competitive solutions for power customers around the country,' said Spencer Gray, executive director of the Northwest & Intermountain Power Producers Coalition. 'I congratulate Avangrid on reaching this milestone and continuing its track record of excellence as an independent power generator.' With energy demand expected to surge over the next decade, largely due to the construction of new data centers, Avangrid's ability to bring new energy projects is vital. The company already has approximately 1.5 gigawatts (GW) of capacity that supports data centers with an additional 650 MW under construction or will be under construction soon. Avangrid is actively working on new projects that will help meet expected energy demand growth in the coming years. In March 2025, Avangrid announced its plan to invest $20 billion in U.S. electrical grid infrastructure through the end of the decade. The plan reflects the critical need to invest in energy infrastructure to meet growing demand, as well as the United States' position as a top investment priority for Avangrid and Iberdrola. About Avangrid: Avangrid, Inc. is a leading energy company in the United States working to meet the growing demand for energy for homes and businesses across the nation through service, innovation, and continued investments by expanding grid infrastructure and energy generation projects. Avangrid has offices in Connecticut, New York, Massachusetts, Maine, and Oregon, including operations in 23 states with approximately $48 billion in assets, and has two primary lines of business: networks and power. Through its networks business, Avangrid owns and operates eight electric and natural gas utilities, serving more than 3.4 million customers in New York and New England. Through its power generation business, Avangrid owns and operates 80 energy generation facilities across the United States producing 10.5 GW of power for over 3.1 million customers. Avangrid employs approximately 8,000 people and has been recognized by JUST Capital as one of the JUST 100 companies – a ranking of America's best corporate citizens – in 2025 for the fifth consecutive year. The company was named among the World's Most Ethical Companies in 2025 for the seventh consecutive year by the Ethisphere Institute. Avangrid is a member of the group of companies controlled by Iberdrola, S.A. For more information, visit
Bloomberg
16 minutes ago
- Bloomberg
More Than 40% of Americans See Decline in Real Pay, Indeed Says
Paychecks for more than 40% of American workers are lagging the rate of inflation, and it's likely middle- and lower-earners who are getting squeezed, according to job-search firm Indeed. Overall US pay growth as measured by the Indeed Wage Tracker is still running ahead of inflation, but the gap has shrunk to the smallest it's been in 12 months, according to a report published Thursday. Almost six in ten workers saw their paychecks grow faster than the cost of living as of June — meaning that the rest aren't keeping up.
