Federal Tax Update: Highlights of the Inflation Reduction Act of 2022

https://vimeo.com/739475431

https://www.currentfederaltaxdevelopments.com/podcasts/2022/8/14/2022-08-14-highlights-of-the-inflation-reduction-act-of-2022

 

House and Senate pass the Inflation Adjustment Act of 2022 and we look at some key provisions

• Increase in funding at the IRS
• Continuation of 2021-2022 Premium Tax Credit Rules
• Tax credits on clean energy vehicles
• Expansion & extension of residential energy credits
• Credit transfer provisions