Treasury Announces Information Timeline for Inflation Reduction Act Tax Implementation

From home.treasury.gov

Today the U.S. Treasury Department announced a timeline for providing additional information on key tax provisions of the Inflation Reduction Act. The timeline provides clarity to consumers and businesses, that, beginning January 1, 2023, will be able to access tax benefits from many of the law’s climate provisions. Before year’s end, Treasury will provide the following important information on tax provisions of the Inflation Reduction Act: FAQs for consumers on the tax credit for energy efficient home improvement projects and residential energy property. Initial guidance on the Corporate Alternative Minimum Tax ... (full story)