Feature Article
Tax Credit Bonanza: Benefits in the Inflation Reduction Act
The Inflation Reduction Act (IRA) of 2022 uses dozens of tax credits to move the United States towards energy efficiency and clean energy development. Five of these credits will be essential to know for client tax planning and advi... Thomas Gorczynski, EA, USTCP
Jan/Feb 2023,
Feature Article,
IRA,
modified adjusted gross income,
MAGI,
electric vehicle,
Inflation Reduction Act,
§30D,
Notice 2016-51,
clean vehicle credit,
Clean Air Act,
§30B(b)(3),
§30D(d)(1)),
manufacturer’s suggested retail price,
MSRP,
§25E,
§38,
§45W,
§4053(8),
§25C,
residential clean energy credit,
§25D,
§48E,
§45Z,
§45Y,
clean fuel production credit,
clean electricity investment credit,
clean electricity production credit,
renewable electricity production credit,
energy investment credit,
carbon oxide sequestration credit,
second generation biofuel credit,
sustainable aviation fuel credit,
clean hydrogen production credit