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Breakdown of the Inflation Reduction Act of 2022

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.

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NASBA Field of Study




CPE Credits



Arthur (Art) Auerbach


3 months

Product Number


 Business & partner 
Product Details

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

More Details
NASBA Field of Study
Relevant to tax preparers role and above
This is a digital product. With full paid access the content will be available to you for 3 months after purchase date.
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Contact us
Arthur (Art) Auerbach
Art is an independent tax consultant located in Atlanta, GA., specializing in tax consulting and estate and financial planning for individuals and closely held businesses. He is a current member of the AICPA Tax Practice and Procedures Committee and past member of the AICPA Tax Executive Committee, IRS Advocacy and Relations Committee, Journal of Accountancy Editorial Advisers and the Individual and Self-Employed Technical Resource Panel Art current serves as the Chair of the Georgia Society of CPAs Federal/State Tax Group and is a member of the Tax Commissioners Advisory Group. Art has also served as an advisor to the District of Columbia Office of Tax and Revenue and the Tax Commissioners Advisory group in Virginia and on the Ethics Committee of the Virginia Society of CPAs. He is a nationally recognized speaker on a variety of tax topics offered for continuing education for CPAs and financial planners and has authored several publications and articles. Art is licensed in Georgia, Virginia, District of Columbia and New York and is a life-long member of the American Institute of CPAs.

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