News on the Inflation Reduction Act of 2022 - Internal Revenue …
IR-2024-233, U.S. Department of the Treasury, IRS announce $1.3 billion recovered from high-income, high-wealth individuals under Inflation Reduction Act initiatives; IR-2024-230, Funding from the Inflation Reduction Act improves taxpayer service with modern online tools
IRS ramps up new initiatives using Inflation Reduction Act …
IRS ramps up new initiatives using Inflation Reduction Act funding to ensure complex partnerships, large corporations pay taxes owed, continues to close millionaire tax debt cases | Internal Revenue Service. More than $482 million recovered from 1,600 millionaires who have not paid tax debts. IR-2024-09, Jan. 12, 2024.
Inflation Reduction Act | U.S. Department of the Treasury
6 days ago · On August 16, 2022, President Biden signed the Inflation Reduction Act (IRA) into law, marking one of the largest investments in the American economy, energy security, and climate that Congress has made in the nation’s history.
FACT SHEET: Two Years In, the Inflation Reduction Act is …
Aug 16, 2024 · Last year, 3.4 million Americans benefited from $8.4 billion in Inflation Reduction Act tax credits to lower the cost of clean energy and energy efficiency upgrades in their homes –...
Inflation Reduction Act 2-year report card: IRS continues to …
Aug 23, 2024 · Through Inflation Reduction Act funding, the IRS continued to expand taxpayer service levels not seen in more than a decade with double-digit gains occurring in critical areas. The IRS level of service on its main phone lines reached …
A look at the economic impact and progress of Biden’s Inflation
Sep 21, 2024 · The Inflation Reduction Act or IRA signed by President Biden back in 2022 invest close to $370 billion to combat climate change, and to date, there's been more than $100 billion in private...
The Inflation Reduction Act’s Benefits and Costs
Mar 1, 2024 · The Inflation Reduction Act (IRA) represents the United States’ biggest investment to date in fighting climate change.
IRS announces sweeping effort to restore fairness to tax system …
IRS announces sweeping effort to restore fairness to tax system with Inflation Reduction Act funding; new compliance efforts focused on increasing scrutiny on high-income, partnerships, corporations and promoters abusing tax rules on the books.
U.S. Department of the Treasury, IRS Release Final Rules on …
Mar 5, 2024 · The Inflation Reduction Act allows tax-exempt and governmental entities to receive elective payments for 12 clean energy tax credits, including the major Investment and Production Tax (45 and 48) credits, as well as tax credits for electric vehicles and charging stations.
FACT SHEET: One Year In, President Biden’s Inflation Reduction Act …
Aug 16, 2023 · The Inflation Reduction Act raises $300 billion over a decade by requiring large corporations to pay a 15 percent minimum tax on their profits and by enacting a 1 percent excise tax on stock...