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inflation reduction act

Inflation Reduction Act of 2022: What you need to know

On August 16th, 2022, President Biden signed the Inflation Reduction Act (IRA) into law. The IRA contains provisions that increase funding for Internal Revenue Service (IRS) enforcement and modernization, introduce a new corporate minimum tax and stock buyback taxes, and create significant new credits and incentives related to renewable energy development and climate change. It…

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