Inflation Reduction Act 2024 Update News. 20, 2023 — following a dramatically improved 2023 filing season thanks to inflation reduction act (ira) investments, the internal revenue service has targeted ira. Department of the treasury and internal revenue service (irs) released proposed guidance on the clean vehicle provisions of the inflation reduction act (ira) that are lowering costs for.

On august 16, 2022, president biden signed the inflation reduction act (ira) into law, marking one of the largest investments in the american economy, energy security, and climate that congress has made in the nation’s history. A key element in that push is offering up to $14,000.