Two bills with tax provisions made their way through Congress to the President’s signature pen in August! The first one - the CHIPS and Science Act, is a bipartisan bill to address the chip shortage and supply chain concerns via R&D funding including a new Advanced Manufacturing Investment Credit. The second bill - the Inflation Reduction Act (IRA) of 2022 has provisions pertinent to most taxpayers.
This webinar focuses on the IRA tax provisions most relevant to individuals and small businesses including energy credits for homes and vehicles, expanded availability of the Premium Tax Credit for health insurance, and increased research credit for start-up businesses. Comparisons to the Build Back Better Act passed in the House in November 2021 and the President's tax proposals are also noted along with what additional tax changes we might see this year from Congress.
Instructional MethodGroup: Internet-based
NASBA Field of Study
Taxes (1 hour)
Program PrerequisitesPractitioners at all levels who are looking for a way to efficiently stay on top of key federal developments.