Surgent's Summary and Analysis of the Inflation Reduction Act of 2022
Tuesday, February 11, 2025
Webcast or Webinar, Online
2:00 PM - 4:00 PM (opens at 1:30 PM) EST
2Credits
Technical Business
Registration is Open
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$99.00 Regular Price
Non-Members
$129.00 Regular Price
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Course Type: Webcast
Course Code: 24/SUIR2232
Level: Basic
Vendor: Surgent
Field of Study: Taxes
Overview:
In late 2022, Congress enacted the Inflation Reduction Act of 2022 (IRA), which provided many significant tax law changes tax practitioners should be knowledgeable about. This program will cover the tax legislation embodied in the IRA in detail so that those attending can properly advise their clients on if and how these various tax changes impact their individual and business planning.Objectives:
- Be familiar with all aspects of the Inflation Reduction Act
- Advise clients regarding individual and business planning related to this legislation
Major Topics:
- The 15% corporate tax
- 1% tax on the repurchase of corporate stock
- Enhancement of IRS services
- Prescription drug pricing reform, including drug price negotiation
- Maximum out-of-pocket cap for Medicare beneficiaries
- Extension of Affordable Care Act subsidies for certain individuals whose household income exceeds 400% of the poverty line
- Clean energy and efficiency incentives for individuals
- Energy efficient home improvement credit
- Energy efficient commercial buildings deduction (Section 179D)
- Extensions, increases, and modifications of the new energy efficient home credit
- Clean vehicle credit and credit for previously owned clean vehicles
- Qualified commercial clean vehicles
- Transfers of certain credits to an unrelated transferee
- Increase in research credit against payroll tax for small businesses
Major Topics:
- The 15% corporate tax
- 1% tax on the repurchase of corporate stock
- Enhancement of IRS services
- Prescription drug pricing reform, including drug price negotiation
- Maximum out-of-pocket cap for Medicare beneficiaries
- Extension of Affordable Care Act subsidies for certain individuals whose household income exceeds 400% of the poverty line
- Clean energy and efficiency incentives for individuals
- Energy efficient home improvement credit
- Energy efficient commercial buildings deduction (Section 179D)
- Extensions, increases, and modifications of the new energy efficient home credit
- Clean vehicle credit and credit for previously owned clean vehicles
- Qualified commercial clean vehicles
- Transfers of certain credits to an unrelated transferee
- Increase in research credit against payroll tax for small businesses