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The Latest from the IRS on the Residential Energy Credits

The Latest from the IRS on the Residential Energy Credits

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January 2023

The Inflation Reduction Act of 2022 (IRA), signed into law last August, touched on a wide variety of climate change and clean energy matters. But perhaps the most important changes for individuals were alterations to the existing Residential Energy Credits. Fact Sheet 2022-40 sets out the general requirements for each of these credits and provides several FAQs for both individuals and tax professionals.

View the full article here.