Inflation Reducation Act 2024

Inflation Reducation Act 2024. The inflation reduction act of 2022 (ira) is the most significant climate legislation in u.s. Since january 2024, more than 250,000 americans have claimed the inflation reduction act’s ev tax credits—either $7,500 off a qualified new electric vehicle, or up to $4,000 off a qualified.

When the law, known as the inflation reduction act, was approved in 2022, analysts predicted that it would help cut america’s greenhouse gas emissions roughly 40. Here’s how to save on electric vehicles, solar panels, heat pumps, and more via tax credits and rebates.