The U.S. Senate passed the Inflation Reduction Act (IRA) of 2022 on August 7, 2022. The bill would make several changes to business taxes in order to raises funds for matters like deficit reduction and investments in clean energy. Some of these provisions may not have that great an impact on businesses and business owners. The effect of other changes could be profound. Read on to learn more about what the IRA could do if it becomes law.