ThomsonReuters

JULY 21, 2025

Cap increased from $10,000 to $40,000 through 2029 (phases with inflation), then reverts to $10,000 in 2030. Exemptions increased to $15 million (single) and $30 million (joint). Child savings accounts. Increased to $15,750 for single filers and $31,500 for married filers (up from $15,000/$30,000), indexed for inflation.

Tax

CPA Practice

JULY 4, 2025

By Kyle Stock Bloomberg News (TNS) The Trump administration’s plan to scrap federal incentives for electric vehicles will be a major speed bump for battery-powered transportation in the U.S., Last year’s version of the report had the country boasting higher-than-average sales starting in 2029. On Thursday, Republicans in the U.S.

Tax

Cherry Bekaert

JUNE 18, 2024

Local or regional points of interest include other trails, parks, waterways, or other recreational and open space attractions, retail centers, arts and cultural facilities, transportation facilities, residential concentrations or similar destinations. The new credit is set to expire on January 1, 2029.

South Carolina

CPA Practice

JULY 31, 2024

As the motor vehicle fuel tax is no longer a sustainable or reliable source of revenue, state and local governments need an alternative source of funds for roadways and transportation infrastructure. Nothing has been decided, but the Joint Transportation Committee used a retail delivery fee of 30 cents for the report.

Washington

ThomsonReuters

JANUARY 30, 2023

House Bill 2481 seeks to increase the minimum wage to $15 per hour by 2029 through incremental increases. The bill proposes a 25¢ decrease until 2029 where workers would be paid the full state minimum wage. House Bill 1125 would increase the minimum wage from $7.25 per hour to $15 per hour by 2025. West Virginia.

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