Prepare for tax changes (bold)
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.
•Identify the overall provisions of the bill that affect tax.
Relevant to tax preparers role and above