On Friday, August 12th, Congress passed the Inflation Reduction Act of 2022 (The Act), and President Biden signed it into law on August 16th, 2022. Key provisions include: Increase in IRS Funding, Corporate Minimum Tax, Excise Tax on Stock Repurchases, Excess Business Loans, SALT Cap, Affordable Care Act Premium Tax Credit, R&D Payroll Tax Credit, and Energy Credits. Click here to learn how this affects you and your business by reading the full article by Wayne Eager.
Inflation Reduction Act of 2022
National Tax Advisory Group | | Aug 17, 2022