Davidson News

Davidson News

DWP to End Tax Credits in the UK by April 2025

DWP to End Tax Credits in the UK by April 2025

The Department for Work and Pensions (DWP) has announced the exact date it will phase out Tax Credits in the UK, impacting around 730,000 current claimants. This move is part of the ongoing transition to Universal Credit. From April 6, 2025, the DWP will eliminate all Tax Credit claims. This includes both Working Tax Credit … Read more

Community Development Organizations Advocate for Permanent Tax Credit and Health Initiatives in Massachusetts Housing Debate

Community Development Organizations Advocate for Permanent Tax Credit and Health Initiatives in Massachusetts Housing Debate

Community development organizations in Massachusetts are pushing for the permanent extension of a tax credit set to expire next year, alongside advocating for health-focused initiatives in the state’s housing sector. Governor Maura Healey’s housing bond bill, currently under consideration by the House, includes provisions to make the community investment tax credit permanent. This tax credit, … Read more

Navigating Electric Vehicle Tax Credits: What You Need to Know

Understanding EV Tax Credits Acorrding to EVCO, For Americans thinking about getting an electric car, knowing about EV tax credits is really important. These tax credits help reduce how much money you owe in taxes to the government. In 2024, there’s a new option where you can use your tax credit to lower the price … Read more

Missouri Senate Urged to Act on Child Care Tax Credits

Missouri Senate Urged to Act on Child Care Tax Credits

As the Missouri General Assembly session approaches its end on May 17th, all eyes are on the Senate as it holds the fate of legislation aimed at alleviating the financial strain of childcare costs. The proposal, which has garnered bipartisan support in the House, offers tax credits to families grappling with upfront childcare expenses. Under … Read more

Biden Administration Grants 2-Year Exemption for EV Tax Credits, Raising Concerns and Support

Biden Administration Grants Two-Year Exemption for EV Tax Credits, Stirring Debate Flexibility for Automakers: Biden Administration’s EV Tax Credit Exemption Sparks Controversy In a move aimed at providing flexibility for automakers the Biden administration has granted a two-year exemption to certain provisions of the 2022 Inflation Reduction Act regarding electric vehicle (EV) tax credits, according … Read more

50,000 Philly Residents Missing Out on $100 Million in Tax Credits – Get Free Tax Help Now!

Philly Workers Missing Out on $100 Million in Tax Credits: Experts Urge Free Tax Help Philly Experts Highlight Free Tax Credits Assistance for Low-Income Workers On Tax Day, it’s been said that Philly workers are not getting about $100 million they could, according to the published article of WHYY. That’s because some 50,000 Americans with … Read more

Wisconsin Act 42 Saving Farmland with Tax Credits – Check Out Amid Urban Expansion

Preserving Farmland with Tax Credits to Ensure Food Security Amid Urban Growth Wisconsin Act 42 Provides Tax Incentives to Safeguard Agricultural Land Amid Urbanization Wisconsin is seeing more Americans moving into cities and less land available for farming. But to keep producing enough food it’s crucial to save farmland according to the published article of … Read more

Tennessee House Reduces Franchise Tax Refund to $813.5M

Tennessee House Reduces Franchise Tax Refund to $813.5M

The Tennessee House of Representatives has made significant amendments to a bill aimed at repealing and refunding the state’s franchise tax, resulting in a reduced refund amount of $813.5 million. House Bill 1893, which introduces key changes to the refund process, mandates the disclosure of companies benefiting from the refund on the website of Tennessee’s … Read more

Affordable Housing Initiative in Indiana Receives $5 Million Tax Credit Boost

Affordable Housing Initiative in Indiana Receives $5 Million Tax Credit Boost

In a bid to address the pressing issue of affordable housing in Indianapolis, Intend Indiana, a local community development nonprofit, has secured a significant financial boost. The organization recently announced the receipt of $5 million in New Market Tax Credits, marking a crucial step towards their mission of providing affordable homes in the region. New … Read more

Connecticut Contemplates End of Film and TV Tax Credit Program

Connecticut Contemplates End of Film and TV Tax Credit Program

Connecticut’s film and television industry faces uncertainty as the state’s General Assembly weighs legislation to eliminate its lucrative tax credit program. The proposed bill has garnered bipartisan support, with both Republican and Democratic leaders advocating for its removal. The incentive program, which has provided over $1.5 billion in support to productions over nearly two decades, … Read more