2d • General discussion
Key Tax Credits Expiring in 2025
Energy & Clean Vehicle Credits
- Clean Vehicle Credits (New, Used, Commercial): The credits for new, used, and commercial clean vehicles will no longer be available for any vehicles acquired after September 30, 2025. This includes the popular up to $7,500 credit for new electric vehicles (EVs) and the up to $4,000 credit for used EVs.
- Residential Clean Energy Credit: The 30% tax credit for installing clean energy property on your home (e.g., solar panels, wind turbines, battery storage, geothermal heat pumps) expires after December 31, 2025. To qualify, the system must be fully installed and operational by this deadline.
- Energy Efficient Home Improvement Credit: The credit for making specific energy-efficient upgrades to a home (e.g., certain windows, doors, insulation, heat pumps) expires after December 31, 2025. The maximum annual credit is $3,200.
Health Insurance & Employment Credits
- Enhanced Affordable Care Act (ACA) Premium Tax Credits: The enhanced subsidies that have lowered health insurance premiums for millions of Americans since 2021 are set to expire after December 31, 2025. Without congressional action, this could significantly increase premium costs for those who purchase coverage through the ACA marketplace.
- Work Opportunity Tax Credit (WOTC): This credit, which provides an incentive for employers to hire individuals from certain targeted groups facing barriers to employment (such as certain veterans or people with disabilities), expires for individuals who begin work after December 31, 2025.
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Key Tax Credits Expiring in 2025
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