The Inflation Reduction Act – What US Companies and Individual Taxpayers Need to Know

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At a glance The main takeaway: On August 16, 2022, President Biden signed the Inflation Reduction Act into law. The $750 billion bill, passed through the Budget Reconciliation Process, contains a number of provisions that address healthcare, climate change and energy efficiency. Impact on your business:  The act includes several tax increase provisions largely aimed at…

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