Overview
The Inflation Reduction Act (IRA) contains many changes to auto and energy-related credits. Many, if not most, of these credits reduce the cost of individual- and business-related expenses. As a result of the changes brought about by the IRA, tax advisors have new and reformed credits to understand and explain to their clients. Cover the new and revised energy-related credits clients will be asking about, such as credits related to personal autos, energy-efficient commercial vehicles, and household-related utilities and improvements. Discuss the IRA changes related to electric car credits in detail so that those attending can properly advise their individual and business clients regarding them.
Objectives
- Be familiar with the IRA credits relating to autos and residences
- Advise clients regarding planning related to these credits