The IRA will raise revenue through a new 15% minimum tax on large, profitable corporations and a 1% excise tax on stock buybacks. The bill is intended to reduce the U.S. deficit by about $300 billion. Other revenue would come from stricter enforcement of tax compliance by the IRS. The IRA also includes significant provisions related to climate change, health care and energy provisions, including the clean vehicle credit. Contact us to learn how you can take advantage of the IRA’s tax provisions. Learn more about how its tax provisions might affect you by visiting our blog at https://bit.ly/3tpPdUL
Our Blog 