America's most in-demand job

And more of the week's best financial insight

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Here are three of the week's top pieces of financial insight, gathered from around the web:

America's most in-demand job

Higher interest for late taxes

The IRS is raising the interest rate on estimated-tax underpayments, said Ashlea Ebeling in The Wall Street Journal. As of Oct. 1, taxpayers who under-withhold, or small-business owners who fail to make payments on a quarterly basis, will be charged 8% interest. That’s up from 3% two years ago. The change is "particularly relevant for gig workers and consultants who don’t have taxes withheld" in their paychecks. Another "common scenario in which taxpayers get tripped up is when wage earners" decide midyear to start a business and might not be aware that they "are subject to quarterly estimated tax payments." The change could also affect other taxpayers with bonuses, stock options, or significant dividend income. The IRS "assessed more than $1.8 billion in penalties for underpaying estimated taxes on 12.2 million individual returns" last year.

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Lower EV subsidies for 2024

Several EVs will get much more costly starting on Jan. 1, said Andrew Hawkins in The Verge. "Electric vehicles with batteries that contain minerals and materials sourced from China won’t be eligible for the $7,500 federal EV tax credit," starting in 2024. That means "a lot of EVs are about to lose their" financial appeal. Ford confirmed last week that its electric Mustang Mach-E is one of them. The Nissan Leaf and Volkswagen ID.4 are affected as well. "Tesla is also warning customers that certain version of its Model 3 — the Rear Wheel Drive and Long Range trim — will only be eligible for half of the $7,500 tax credit."