Inflation Reduction Act Summary ON DEMAND

Overview

Before the Inflation Reduction Act, professionals in tax, legal, and accounting fields navigated a different set of rules and provisions. This course acts as a bridge to the new regulations introduced by the IRA, transforming uncertainty into confident application of the latest legal and tax changes. After completing this course, participants will transition from a state of unfamiliarity with the new IRA provisions to a position of competence and readiness. The course covers individual tax credits for electric vehicle purchases and energy-efficient home improvements, offering a deep dive into the array of renewable energy credits. Additionally, it explores the impact on businesses, including the implementation of the corporate AMT and loss limits, as well as significant changes in Medicare provisions. This transformation equips participants with the necessary tools to adapt their practices to the new landscape, ensuring they remain ahead in their respective fields.

Highlights

Inflation reduction act-modified for clean vehicles. Energy efficient home improvement credit. Renewable energy credits. Prevailing wage act. Low income and rural areas. Production tax credit. Domestic content. Energy community, and more.

Prerequisites

None.

Designed For

CPAs.

Objectives

Apply changes imposed by the Inflation Reduction Act (IRA) relating to credits allowed for the individual acquisition of qualified electric vehicles and energy-efficient home improvements and property. Recognize a wide spectrum of renewable energy credits and the application of the prevailing wage and apprenticeship requirements. Specify key IRA business and Medicare provisions, including energy-efficient buildings, corporate AMT, loss limits, and drug reforms.

Preparation

None.

Notice

None.