Combating Inflation Through Tax Changes? A Quick Summary of the Inflation Reduction Act

August 2022 The Inflation Reduction Act (IRA) of 2022, formally called the budget reconciliation bill, was signed into law on August 16, 2022. This bill impacts a wide variety of areas, from climate to health care, but the overall goal was twofold. Although the bill is just a portion of President Biden’s overall social agenda, it still provides significant changes. The bill is substantial, so it is difficult to hit on everything, but some need-to-know items are addressed below. View the full article here.