From Kiplinger · · 1m
EV Chargers and Sports Betting Tax Questions
Tax editor answers four reader questions on EV chargers, sports betting and federal rates.
In brief
Tax editor answers four reader questions on EV chargers, sports betting and federal rates. Federal tax credit for EV chargers expired June 30, 2026; online sports betting winnings are taxable as gambling income. Originally reported by Kiplinger.
EV Charger Tax Credit
The federal tax credit for EV chargers expired June 30, 2026.
EV Charger Tax Credit Details
The credit covers 30% of equipment and installation costs or $1,000, whichever is smaller.
IRS Mileage Rate for 2026
Business mileage rate is 72.5 cents per mile from January through June 2026.
IRS Mileage Rate for 2026
Business mileage rate increases to 76 cents per mile from July through December 2026.
Federal Gas Tax
Congress is unlikely to suspend the 18.4 cents-per-gallon federal gasoline tax.
Online Sports Betting Winnings
Online sports betting winnings are taxable as gambling income.
Tax Reporting for Betting
Gamblers report winnings on Schedule 1 of Form 1040 and can deduct gambling losses up to 90% of losses.
The headline
Federal tax credit for EV chargers expired June 30, 2026; online sports betting winnings are taxable as gambling income.
