As you may know, President Biden has just signed the Inflation Reduction Act of 2022, which is now law!
The Inflation Reduction Act of 2022 includes:
-A 15% corporate alternative minimum tax.
-A 1% excise tax on stock buybacks.
-Numerous environmental and green energy tax credits.
-A Fairer Tax Code: IRS Enforcement
The bill is focused on a few essential areas…
-Introduces a Corporate minimum tax rate of 15% for profits over $1B
-Increases the Research and Development Credit from $250K to $500K.
-Extends the COVID relief for ACA premiums until 2025
-Increase IRS funding by $80B to increase compliance by expanding the audit rate and enforcement
So what does this mean for you?
-New credits may mean new opportunities for savings
-If your gross income is above 400k per year, you may see an increase in your taxes in the coming year.
-The bill aims to fight the rising inflation costs to lower costs to American consumers in the long term.
In this live webinar, you will learn:
1- Fundamental healthcare changes, including
Extends the COVID relief for ACA premiums until 2025
2- Key energy credits, including
Incentivizes cleaner production and reduced carbon emissions with new and expanded credits
3- Key tax provisions, including
Introduces a Corporate minimum tax rate of 15% for profits over $1B