The Inflation Reduction Act changed a wide range of tax laws and provided funds to improve our services and technology to make tax filing easier for you.

Since the Inflation Reduction Act is a 10-year plan, the changes won't happen immediately. We're working to implement the law as quickly as we can. 

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We'll share news on the latest developments here, so check back for updates.

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All News Releases on the Inflation Reduction Act

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    Tax Law Changes

    The Inflation Reduction Act covers new and reinstated tax laws that will affect individuals and businesses, including a number of credits and deductions.

    One provision changes the eligibility rules to claim a tax credit for clean vehicles. This took effect as soon as the law was signed.

    More details about clean vehicles and other tax provisions will be available in coming months.

    Home Energy Credits

    Clean Vehicle Credits

    Excise Tax Credits for alternative fuels, biodiesel, and renewable diesel

    Tax Law Changes for Businesses


    Find guidance on key tax provisions in the Inflation Reduction Act of 2022.

    • Notice 2023-44PDF, provides additional guidance to clarify and modify Notice 2023-18, 2023-10 I.R.B. 508, which established the program under § 48C(e)(1) of the Internal Revenue Code (Code) to allocate $10 billion of credits ($4 billion of which may be allocated only to projects located in § 48C(e) Energy Communities Census Tracts) for qualified investments in eligible qualifying advanced energy projects (§ 48C(e) program).
    • Notice 2023-38PDF, proposes regulations (forthcoming proposed regulations) addressing the application of the rules that taxpayers must satisfy to qualify for the domestic content bonus credit amounts under §§ 45, 45Y, 48, and 48E of the Internal Revenue Code.
    • Notice 2023-29PDF, describes certain rules that the Treasury Department and the IRS intend to include in the forthcoming proposed regulations for determining what constitutes an energy community as defined in § 45(b)(11)(B) and as adopted by §§ 45Y(g)(7), 48(a)(14), and 48E(a)(3)(A) and for determining whether a qualified facility, an energy project, or an energy storage technology is located in an energy community.
    • Notice 2023-20, provides the additional interim guidance described in section 1 of Notice 2023-7, 2023-3 I.R.B. 390, that is intended to help avoid substantial unintended adverse consequences to the insurance industry from the application of the new corporate alternative minimum tax (CAMT).
    • Notice 2023-18, establishes the section 48C(e) program to allocate $10 billion of section 48C credits ($4 billion of which may only be allocated to projects located in certain energy communities census tracts) and provides initial program guidance. 

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