Body The Inflation Reduction Act changed a wide range of tax laws and provided funds to improve our services and technology to make tax filing easier for you. Since the Inflation Reduction Act is a 10-year plan, the changes won't happen immediately. We're working to implement the law as quickly as we can. Latest updates We'll share news on the latest developments here, so check back for updates. News releases IR-2024-107, Treasury, IRS issue corrected census tracts for the Qualified Alternative Fuel Vehicle Refueling Property Credit IR-2024-102, Treasury, IRS issue guidance on the credit for the production of clean hydrogen and the election to treat clean hydrogen production facilities as energy property IR-2023-101, Treasury and IRS announce new regulations on corporate stock repurchase excise tax IR-2024-97, Treasury, IRS issue guidance on the tax treatment of amounts paid as rebates for energy efficient property and improvements IR-2024-86, IRS and Treasury issue guidance for solar and wind powered energy facilities in low-income communities under the Inflation Reduction Act All news releases on the Inflation Reduction Act Ready-to-use articles IRS launches new Energy Credits Online tool Qualifying clean energy vehicle buyers are eligible for a tax credit of up to $7,500 Home energy credits: Good for the environment and your wallet Taxpayers may qualify for the new Clean Vehicle Tax Credit Taxpayers may qualify for the new Previously Owned Clean Vehicle Credit Businesses and tax-exempt organizations may qualify for the new Commercial Clean Vehicle Credit Elective payment and credit transfer Elective payment and applicable credits and transfer of certain credits Home energy credits Home energy tax credits Energy Efficient Home Improvement Credit Residential Clean Energy Credit Clean vehicle credits Credits for new electric vehicles purchased in 2023 or after Credits for new electric vehicles purchased in 2022 or before Used Electric Vehicle Credit Commercial Clean Vehicle Credit Clean Vehicle Credit Qualified manufacturer requirements Clean Vehicle Credit dealer requirements Excise tax credits for alternative fuels, biodiesel, and renewable diesel Tax law changes for businesses Corporate Alternative Minimum Tax (CAMT)PDF Repurchase of corporate stock Superfund chemical excise taxes reinstated Sustainable Aviation Fuel Credit Petroleum Tax – Hazardous substance superfund financing rate reinstated Extended fuel tax credits Guidance Find guidance on key tax provisions in the Inflation Reduction Act of 2022. Notices Notice 2024-33PDF, Relief from Certain Additions to Tax for Corporation’s Underpayment of Estimated Income Tax under Section 6655 Notice 2024-30PDF, Energy Community Bonus Credit Amounts Under the Inflation Reduction Act of 2022 Notice 2024-27, Request for Comments on Situations in Which a Section 6417(a) Election Could Be Made for Credits Purchased in Transfers Under Section 6418(a) Notice 2024-20, Guidance on Satisfying the Geographical Requirements of the Section 30C Alternative Fuel Vehicle Refueling Property Credit Notice 2024-13, Guidance on product identification number requirement to claim the Energy Efficient Home Improvement Credit Notice 2024-10, Additional Interim Guidance Regarding the Application of the Corporate Alternative Minimum Tax under Sections 55, 56A, and 59 of the Internal Revenue Code All notices Announcements Announcement 2024-19PDF, Federal Tax Treatment of Amounts Paid toward the Purchase of Energy Efficient Property and Improvements under Department of Energy Home Energy Rebate Programs Pursuant to Sections 50121 and 50122 of the Inflation Reduction Act of 2022 Announcement 2023-18, Transitional Guidance with Respect to Stock Repurchase Excise Tax Announcement 2023-01, Updated Reference Standard 90.1 for § 179D Announcement 2022-23, Renewable Electricity Production Credit Amounts for Calendar Year 2022 Revenue procedures Revenue Procedure 2024-19PDF, Guidance for owners of certain solar or wind facilities built in connection with low-income communities. Revenue Procedure 2024-12, Extension for Clean Vehicle Dealers Revenue Procedure 2023-38, Submission of Information to IRS by Qualified Manufacturers of Clean Vehicles, Previously-Owned Clean Vehicles, and Commercial Clean Vehicles Revenue Procedure 2023-27, Process under § 48(e) of the Internal Revenue Code (Code)1 to apply for an allocation of environmental justice solar and wind capacity limitation (Capacity Limitation). Revenue Procedure 2022-42, Submission of Information to IRS by Qualified Manufacturers of Clean Vehicles, Previously-Owned Clean Vehicles, and Commercial Clean Vehicles; Submission of Information to IRS by Sellers of Clean Vehicles and Previously-Owned Clean Vehicles Proposed regulations NPRM: Credit for Production of Clean Hydrogen, Election to Treat Clean Hydrogen Production Facilities as Energy Property NPRM: Excise Tax on Repurchase of Corporate Stock - Procedure and Administration NPRM: Excise Tax on Repurchase of Corporate Stock NPRM: 45X Advanced Manufacturing Production Credit All proposed regulations Final regulations Final Regulations: Elective Payment of Advanced Manufacturing Investment Credit Final Regulations: Elective Payment of Applicable Credits More information Inflation Reduction Act Strategic Operating Plan Laws and regulations Inflation Reduction Act of 2022 Printable posters and toolkits Use these printable posters, guides and toolkits to understand or promote the benefits of the Inflation Reduction Act credits Frequently asked questions Frequently asked questions about the prevailing wage and apprenticeship under the Inflation Reduction Act Frequently asked questions for energy communities Frequently asked questions about elective pay and transferability Frequently asked questions about the New, Previously-Owned and Qualified Commercial Clean Vehicles Credit Frequently asked questions about Energy Efficient Home Improvements and Residential Clean Energy Property Credits
