Repeal Dates of Various Energy Credits and IncentivesCreditRepeal Date IRC §25E Previously Owned Clean Vehicle Credit Repealed for vehicles acquired after September 30,2025 (OBBA §70501; IRC §25D(g)) IRC §30D Clean Vehicle Credit Repealed for vehicles acquired after September 30,2025 (OBBA §70502; IRC §30D(h)) IRC §45W Qualified Commercial Clean Ve

The One Big, Beautiful Bill Act (OBBBA) was signed into law on July 4, 2025, and with it comes many new tax provisions that may directly affect you. There are many tax provisions contained in OBBBA beyond the ones we have highlighted here.

As required by law, in every Form 1040 instruction booklet there's a section that shows where our federal government gets its money and where it is spent. As taxpayers it makes sense to know this information. Here is the data for the government's fiscal year ending September 30, 2023, as reported by the IRS in the 2024 instruction booklet for Form 1040: