INFLATION REDUCTION ACT OF 2022 KEY TAX PROVISIONS

The Inflation Reduction Act (IRA), which was signed into law on August 16, 2022, has tax policies impacting corporations, people, the clean-energy sector, and the healthcare industry, among others. Let’s have a look: Businesses Sec. 461(l) Business Loss Limitation. Tax reform introduced the pass-through tax deduction for small business owners (sole proprietorships, certain limited liability […]