The President signed the Inflation Reduction Act of 2022 into law, which includes new tax provisions, extensions, and expansions of tax benefits related to energy efficiency and healthcare. Here’s what’s included in the Inflation Reduction Act and what it can mean for you and your taxes. Energy Efficient Tax Benefits Clean Vehicle Credit Credit for Electric Chargers Installed at Your Home or Business Energy Credits Available for Your Home Credits for Solar Energy Healthcare T

President Biden, Vice President Harris, and the U.S. Department of Education recently announced a three-part student loan debt relief plan to help federal student loan borrowers. The three part plan includes an extension of the pause on student loan payments, debt cancellation, and proposal to create an income-driven repayment plan to help lower future monthly payments. Student loan payment pause The student loan payment pause that was set to expire 8/31/2022 has been extende

The Inflation Reduction Act of 2022 A stripped down 300-page version of previous Biden or Build Back Better administration proposals, passed the House by a vote of 220-207 on August 12, 2022, followed by Senate approval by the narrowest of margins, 51-50, with a tie-breaking vote cast by Vice President Kamala Harris. The law includes the extension and expansion of green energy incentives, a 15% alternative corporate minimum tax on countable income, a special share buyback tax