The IRS is working on implementing the Inflation Reduction Act of 2022. This major legislation will affect individuals, businesses, tax exempt and government entities.

We'll post guidance for taxpayers on all credits and deductions from the Inflation Reduction Act as it becomes available. Please check back regularly for updates.

On this page

Energy-related credits and deductions

For an interactive guide to energy credits available under the Inflation Reduction Act, visit

Bonus incentive credits

Qualifying energy projects that also meet other specific criteria may be eligible for additional tax credit amounts (also known as bonuses). Check back for details on these bonuses.

Elective payment and credit transfer

The Inflation Reduction Act of 2022 allows new ways for ensuring eligible taxpayers receive their credits.

Credits for individuals

From purchasing clean vehicles to making your home more energy efficient, the Inflation Reduction Act of 2022 may have a significant effect on your taxes.

Credits and deductions for businesses and other entities

Related Resources