Inflation Reduction Act 2024. For 2024, as in 2023, 2022, 2021, 2020, 2019 and 2018, there is no limitation on itemized deductions, as that limitation was eliminated by the tax cuts and jobs act. The inflation reduction act (ira) specifies a list of qualified.


Inflation Reduction Act 2024

President joe biden signed the inflation reduction act (ira) into law on august 16, 2022, with a goal of helping households save money on energy bills, improve energy. On august 16, 2022, president biden signed the inflation reduction act into law, marking the most significant action congress has taken on clean energy and climate.

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