A higher EV tax credit cap, tax breaks with limited benefits

[ad_1] Automakers want Congress to remove the cap on EV tax credits. General Motors, Ford, Chrysler and Toyota CEOs say consumers will buy more Electric vehicles eligible for more EV tax credit if, Currently, when a company sells 200,000 plug-in electrics, the credit begins to expire. The CEO also says that he needs credit to compensate for the higher production cost. Missing from the letter: Tesla CEO Elon Musk, whose firm has already exceeded the credit limit. Oklahoma lawmakers will hold a special session to debate tax cuts. Gov. Kevin…

More Americans applied for jobless benefits last week

[ad_1] More Americans Application for Waste aid last week, but the total number of Americans collecting unemployment remains at a five-decade low. apply for unemployment benefits increased from 27,000 to 229,000 for the week ended June 4, the highest since mid-January Labour Department reported on Thursday. First time applications generally track the number of layoffs. The four-week average for claims, which equalizes some weekly volatility, rose 8,000 to 215,000 from the previous week. The total number of Americans collecting jobless benefits for the week ending May 28 remained unchanged from…

5 great tips to streamline your salary and get maximum tax benefits

[ad_1] Your salary structure consists of various components. The taxation of each component varies as per the prevailing tax rules and regulations. Most employers offer employees some flexibility to structure some portion of their total pay packet. This is where your knowledge comes in handy. If you can manage your salary wisely, you can strike a delicate balance between your take-home pay and your overall tax liability. This article has some simple tips to help you streamline your salary and make the most of your benefits. #1: Opt for House…