Breakdown of the Inflation Reduction Act of 2022
The Inflation Reduction Act of 2022 was signed into law on August 16, 2022. This law contains several provisions that could affect your tax clients. Learn what's changed so you can adapt.
Format
Webcast
NASBA Field of Study
Taxes
Level
Overview
CPE Credits
1
Instructor
Arthur (Art) Auerbach
Availability
3 months
Product Number
WC3914057
Prepare for tax changes
In addition to introducing clean energy measures and reducing healthcare costs, the Inflation Reduction Act of 2022 also contains tax provisions that may affect individuals and businesses.
The bill includes:
- 15% minimum tax for large corporations
- 1% excise tax on stock buybacks
- Various renewable energy tax incentives
- Increased IRS funding initiatives
Learn how the bill may affect individuals and businesses and what it means in the long term for your tax outlook.
Key Topics
- Minimum tax for large corporations
- Tax on stock buybacks
- Renewable energy tax incentives
- Increased IRS funding
Learning Outcomes
- Identify the overall provisions of the bill that affect tax.
- Recognize effects on the profession.
Who Will Benefit
Tax professionals
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