Inflation Reduction Act 2024 Tax Credits

Inflation Reduction Act 2024 Tax Credits. Those savings kicked in last year as part of the. Biden signed the landmark inflation reduction act, which provides nearly $400 billion to support clean energy and address climate.


Inflation Reduction Act 2024 Tax Credits

Department of the treasury and internal revenue service (irs) released proposed guidance on the clean electricity production. Simply put, the inflation reduction act includes a $7,500 tax credit at the point of sale for new evs and $4,000 for used evs.

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