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Key Tax Provisions Of The Inflation Reduction Act Of 2022 | TaxConnections Key Tax Provisions Of The Inflation Reduction Act Of 2022
The Inflation Reduction Act (IRA), signed into law on August 16, 2022, includes tax provisions affecting businesses, individuals, the clean-energy industry, healthcare, and more. Let's take a look: Businesses Sec. 461(l) Business Loss Limitation. The pass-through tax deduction for small business owners (sole proprietorships, some limited liability companies, partnerships, and S-corporations) was enacted under tax reform Key Tax Provisions Of The Inflation Reduction Act Of 2022