{"id":390,"date":"2023-05-17T02:32:28","date_gmt":"2023-05-17T06:32:28","guid":{"rendered":"http:\/\/klcpagroup.com\/klcpa\/?p=390"},"modified":"2023-05-17T02:32:31","modified_gmt":"2023-05-17T06:32:31","slug":"inflation-reduction-act-of-2022","status":"publish","type":"post","link":"http:\/\/klcpagroup.com\/klcpa\/inflation-reduction-act-of-2022\/","title":{"rendered":"Inflation Reduction Act of 2022"},"content":{"rendered":"\n<p>The Inflation Reduction Act changed a wide range of tax laws and covers new and reinstated tax laws that will affect individuals and businesses, including <a href=\"https:\/\/www.irs.gov\/credits-and-deductions-under-the-inflation-reduction-act-of-2022\">a number of credits and deductions<\/a>.<\/p>\n\n\n\n<h3>Home Energy Credits<\/h3>\n\n\n\n<ul>\n<li><a href=\"https:\/\/www.irs.gov\/credits-deductions\/home-energy-tax-credits\">Home Energy Tax Credits<\/a><\/li>\n\n\n\n<li><a href=\"https:\/\/www.irs.gov\/credits-deductions\/energy-efficient-home-improvement-credit\">Energy Efficient Home Improvement Credit<\/a><\/li>\n\n\n\n<li><a href=\"https:\/\/www.irs.gov\/credits-deductions\/residential-clean-energy-credit\">Residential Clean Energy Credit<\/a><\/li>\n<\/ul>\n\n\n\n<h3>Clean Vehicle Credits<\/h3>\n\n\n\n<ul>\n<li><a href=\"https:\/\/www.irs.gov\/credits-deductions\/credits-for-new-clean-vehicles-purchased-in-2023-or-after\">Credits for New Electric&nbsp;Vehicles Purchased in 2023 or After<\/a><\/li>\n\n\n\n<li><a href=\"https:\/\/www.irs.gov\/credits-deductions\/credits-for-new-electric-vehicles-purchased-in-2022-or-before\">Credits for New Electric Vehicles Purchased in 2022 or Before<\/a><\/li>\n\n\n\n<li><a href=\"https:\/\/www.irs.gov\/credits-deductions\/used-clean-vehicle-credit\">Used Electric&nbsp;Vehicle Credit<\/a><\/li>\n\n\n\n<li><a href=\"https:\/\/www.irs.gov\/credits-deductions\/commercial-clean-vehicle-credit\">Commercial Clean Vehicle Credit<\/a><\/li>\n\n\n\n<li><a href=\"https:\/\/www.irs.gov\/credits-deductions\/clean-vehicle-credit-qualified-manufacturer-requirements\">Clean Vehicle Credit Qualified Manufacturer Requirements<\/a><\/li>\n\n\n\n<li><a href=\"https:\/\/www.irs.gov\/credits-deductions\/clean-vehicle-credit-seller-or-dealer-requirements\">Clean Vehicle Credit Dealer Requirements<\/a><\/li>\n<\/ul>\n\n\n\n<p><a href=\"https:\/\/www.irs.gov\/irb\/2022-40_IRB\">Excise Tax Credits for alternative fuels, biodiesel, and renewable diesel<\/a><\/p>\n\n\n\n<h3>Tax Law Changes for Businesses<\/h3>\n\n\n\n<ul>\n<li><a href=\"https:\/\/www.irs.gov\/pub\/irs-drop\/n-23-20.pdf\">Corporate Alternative Minimum Tax (CAMT)<\/a><\/li>\n\n\n\n<li><a href=\"https:\/\/www.irs.gov\/businesses\/small-businesses-self-employed\/excise-tax\">Repurchase of Corporate Stock<\/a><\/li>\n\n\n\n<li><a href=\"https:\/\/www.irs.gov\/businesses\/small-businesses-self-employed\/superfund-chemical-excise-taxes\">Superfund Chemical Excise Taxes Reinstated<\/a><\/li>\n\n\n\n<li><a href=\"https:\/\/www.irs.gov\/credits-deductions\/businesses\/sustainable-aviation-fuel-credit\">Sustainable Aviation Fuel Credit<\/a><\/li>\n\n\n\n<li><a href=\"https:\/\/www.irs.gov\/businesses\/small-businesses-self-employed\/petroleum-tax-crude-oil-exports-reinstatement-of-hazardous-substance-superfund-financing-rate\">Petroleum Tax \u2013 Hazardous Substance Superfund Financing Rate Reinstated<\/a><\/li>\n\n\n\n<li><a href=\"https:\/\/www.irs.gov\/businesses\/small-businesses-self-employed\/fuel-tax-credits\">Extended Fuel Tax Credits<\/a><\/li>\n<\/ul>\n\n\n\n<p><a href=\"https:\/\/www.irs.gov\/newsroom\/news-on-the-inflation-reduction-act-of-2022\">All News Releases on the Inflation Reduction Act<\/a><\/p>\n\n\n\n<p><a href=\"https:\/\/www.congress.gov\/bill\/117th-congress\/house-bill\/5376\">Inflation Reduction Act of 2022<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Inflation Reduction Act changed a wide range of tax laws and covers new and reinstated tax laws that will affect individuals and businesses, including a number of credits and deductions. Home Energy Credits Clean Vehicle Credits Excise Tax Credits for alternative fuels, biodiesel, and renewable diesel Tax Law Changes for Businesses All News Releases<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[2],"tags":[],"_links":{"self":[{"href":"http:\/\/klcpagroup.com\/klcpa\/wp-json\/wp\/v2\/posts\/390"}],"collection":[{"href":"http:\/\/klcpagroup.com\/klcpa\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/klcpagroup.com\/klcpa\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/klcpagroup.com\/klcpa\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"http:\/\/klcpagroup.com\/klcpa\/wp-json\/wp\/v2\/comments?post=390"}],"version-history":[{"count":1,"href":"http:\/\/klcpagroup.com\/klcpa\/wp-json\/wp\/v2\/posts\/390\/revisions"}],"predecessor-version":[{"id":391,"href":"http:\/\/klcpagroup.com\/klcpa\/wp-json\/wp\/v2\/posts\/390\/revisions\/391"}],"wp:attachment":[{"href":"http:\/\/klcpagroup.com\/klcpa\/wp-json\/wp\/v2\/media?parent=390"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/klcpagroup.com\/klcpa\/wp-json\/wp\/v2\/categories?post=390"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/klcpagroup.com\/klcpa\/wp-json\/wp\/v2\/tags?post=390"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}