Highlights of The Inflation Reduction Act of 2022
Highlights of The Inflation Reduction Act of 2022
On August 16, 2022 President Biden signed the Inflation Reduction Act into law. The IRA adds allowances (tax credits) in the form of expanded energy incentives, small business credits, healthcare provisions, as credits for individuals and much more.
This is an extensive bill with a lot of detailed information on new tax incentives and limitation. These are just some of the things you should know: