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 (added December 29) Credits for New Electric Vehicles Purchased in 2022 and Before (added December 29) Credits for Used Clean Vehicles (added December 29) Commercial Clean Vehicle Credit (added December 29) Incentives for Biodiesel, Renewable Diesel and Alternative Fuels Related guidance for these credits: Clean Vehicle Credit Seller or Dealer Requirements (added December 29) Clean Vehicle Credit Qualified Manufacturer Requirements (added December 29) Other Energy-Related Credits and Deductions Advanced Energy Project 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 Elective Payment for Energy Property and Electricity Produced from Certain Renewable Resources Energy Credit for Solar and Wind Facilities Energy Efficient Commercial Building Deduction Energy Efficient Home Improvement Credit Residential Clean Energy Credit Second Generation Biofuel Incentives Sustainable Aviation Fuel Credit (added December 19) Zero-Emission Nuclear Power Production Credit For an interactive guide to energy credits available under the Inflation Reduction Act, visit cleanenergy.gov. 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 (added December 29) Credits for New Clean Vehicles Purchased in 2022 and Before (added December 29) Used Clean Vehicle Credit (added December 29) Energy Efficient Home Improvement Credit Residential Clean Energy Credit Credits and Deductions for Businesses Advanced Energy Project Credit 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 Credits for New Clean Vehicles Purchased in 2023 and After (added December 29) Credits for New Electric Vehicles Purchased in 2022 and Before (added December 29) Commercial Clean Vehicle Credit (added December 29) Elective Payment for Energy Property and Electricity Produced from Certain Renewable Resources Energy Credit for Solar and Wind Facilities 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) Zero-Emission Nuclear Power Production Credit Related Resources Inflation Reduction Act of 2022 Frequently Asked Questions About the New, Previously Owned and Qualified Commercial Clean Vehicles Credit Frequently asked questions about energy efficient home improvements and residential clean energy property credits
