The Inflation Reduction Act of 2022- Why Should You Care?
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https://www.cplspa.comstufts@cplspa.com CALL 1-800-647-7887
\\nAttorney T. Scott Tufts (Board Certified Tax Lawyer with Florida Bar) will be discussing the following:
\\nThe Inflation Reduction Act of 2022- Why Should You Care?
\\n1. What\\u2019s new and immediate? 30% tax credit for installing energy-efficient windows, heat pumps, or more recent models of appliances Solar panels \\u2013 separate tax credit (rebates available) Expanded tax credits for electric vehicles ($7,500 new; $4,000 used) Installed electric vehicle charging station at home (tax credit) (Possible Gotcha?\\u2014battery components must come from the US)
\\n2. Other non-tax provisions (sort of) Health care provisions\\u2014Limit insulin payments to $35/month in 2023 Cap all out-of-pocket drug costs - $4,000 annually in 2024 and lower cap further to $2,000 in 2025 Lower premiums subsidies will continue on health insurance from Affordable Care Act of 2010.
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