The IRS is working on implementing the Inflation Reduction Act of 2022. This major legislation will affect individuals, businesses, tax exempt and government entities.
We’ll post guidance for taxpayers on all credits and deductions from the Inflation Reduction Act as it becomes available. Please check back regularly for updates.
On This Page
- Clean Vehicle Credits
- Other Energy-Related Credits and Deductions
- Credits for Individuals
- Credits and Deductions for Businesses
Clean Vehicle Credits
- Credits for New Clean Vehicles Purchased in 2023 and After (updated March 31, 2023)
- Credits for New Electric Vehicles Purchased in 2022 and Before
- Credits for Used Clean Vehicles
- Commercial Clean Vehicle Credit
- Incentives for Biodiesel, Renewable Diesel and Alternative Fuels
Related guidance for these credits:
- Federal Register: Public Inspection: Section 30D New Clean Vehicle Credit (added March 31, 2023)
- Clean Vehicle Credit Seller or Dealer Requirements
- Clean Vehicle Credit Qualified Manufacturer Requirements
Other Energy-Related Credits and Deductions
- Advanced Energy Project CreditPDF
- Clean Electricity Investment Credit
- Clean Electricity Production Credit
- Clean Fuel Production Credit
- Clean Hydrogen
- Credit for Carbon Oxide Sequestration
- Credit for Electricity Produced from Certain Renewable Resources (added April 4, 2023)
- Energy Credit for Solar and Wind FacilitiesPDF
- Energy Efficient Commercial Building Deduction
- Energy Efficient Home Improvement Credit (added March 28, 2023)
- Residential Clean Energy Credit (added March 28, 2023)
- Second Generation Biofuel Incentives
- Sustainable Aviation Fuel Credit
- Zero-Emission Nuclear Power Production Credit
For an interactive guide to energy credits available under the Inflation Reduction Act, visit cleanenergy.gov.
Bonus Incentive Credits
Qualifying energy projects that also meet other specific criteria may be eligible for additional tax credit amounts (also known as bonuses). Check back for details on these bonuses.
- Low-Income Communities (added April 4, 2023)
- Energy CommunitiesPDF (added April 4, 2023)
- Prevailing Wage & Apprenticeship (added April 4, 2023)
- Domestic Content
Elective Payment and Credit Transfer
The Inflation Reduction Act of 2022 allows new ways for ensuring eligible taxpayers receive their credits. Check back for details and to learn how we plan to implement them.
- Elective Payment of Applicable Credits
- Transfer of Certain Credits
Credits for Individuals
From purchasing clean vehicles to making your home more energy efficient, the Inflation Reduction Act of 2022 may have a significant effect on your taxes.
- Credits for New Electric Vehicles Purchased in 2023 and After (updated March 31, 2023)
- Credits for New Clean Vehicles Purchased in 2022 and Before
- Used Clean Vehicle Credit
- Home Energy Tax Credits
- Energy Efficient Home Improvement Credit (added March 28, 2023)
- Residential Clean Energy Credit (added March 28, 2023)
Credits and Deductions for Businesses
- Advanced Energy Project CreditPDF
- Advanced Manufacturing Investment Credit
- Advanced Manufacturing Production Credit
- Clean Electricity Investment Credit
- Clean Electricity Production Credit
- Clean Fuel Production Credit
- Clean Hydrogen
- Credit for Carbon Oxide Sequestration
- Credit for Electricity Produced from Certain Renewable Resources (added April 4, 2023)
- Credits for New Clean Vehicles Purchased in 2023 and After (updated March 31, 2023)
- Credits for New Electric Vehicles Purchased in 2022 and Before
- Commercial Clean Vehicle Credit
- Energy Credit for Solar and Wind FacilitiesPDF
- Energy Efficient Commercial Building Deduction
- Energy Efficient Home Credit
- Incentives for Biodiesel, Renewable Diesel and Alternative Fuels
- Research Credit against Payroll Tax for Small Businesses
- Second Generation Biofuel Incentives
- Sustainable Aviation Fuel Credit (added December 19, 2022)
- Zero-Emission Nuclear Power Production Credit