Fuel Tax Credits 2024 Income Limit. To receive your canada carbon rebate on april 15, 2024, you must have electronically filed your income tax and benefit return on or before march 15, 2024. You need to use the rate that applies on the date you acquired the fuel.
The president’s fy2025 budget includes proposals that would affect tax rates, accounting methods (e.g., how certain income and deductions are calculated for federal income tax. The clean fuel production credit is a newly established tax credit for clean fuel production, available beginning january 1, 2025.
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