The U.K. government announced last week that alcoholic beverages will now be taxed based on their alcohol-by-volume (ABV) level. While most wines and spirits will rise in price, prices will fall on drinks with lower alcoholic percentages, as well as most sparkling wine.—theguaridan.com

Drivers who buy U.S.-produced electric vehicles will receive a $7,500 tax credit this year. Customers who purchase these cars can have the tax credit applied to their 2023 return. The tax credit is designed to encourage more Americans to buy eco-friendly vehicles.—cbsnews.com