Surgent's Summary and Analysis of the Inflation Reduction Act of 2022 (IR22)
Date/Time
6/28/2024
9:00 AM - 11:00 AM Central
Course Registration
Member: $99.00
Non-Member: $119.00
Credits
2 Credits
Event Type(s)
Webinars
Event Description
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

Presenters:
Mike Tucker, Ph.D., LL.M., J.D., CPA
Edward Renn, Esq.

Field of Study:
Taxes (2)

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
Location
Webinar
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