Body The Inflation Reduction Act changed a wide range of tax laws and provided funds to improve our services and technology to make tax filing easier for you. Since the Inflation Reduction Act is a 10-year plan, the changes won't happen immediately. We're working to implement the law as quickly as we can. Latest Updates We'll share news on the latest developments here, so check back for updates. Recent News IR-2022-223, Treasury, IRS issue guidance on new Sustainable Aviation Fuel Credit IR-2022-218, Treasury and IRS set out procedures for manufacturers, sellers of clean vehicles IR-2022-208, Treasury and IRS announce guidance on wage and apprenticeship requirements for enhanced credits/deductions IR-2022-197, IRS announces job openings to hire over 700 new employees across the country to help taxpayers in person IR-2022-193, IRS seeks comments on upcoming energy guidance IR-2022-191, IRS quickly moves forward with taxpayer service improvements; 4,000 hired to provide more help to people during 2023 tax season on phones IR-2022-172, IRS asks for comments on upcoming energy guidance Previous News Releases Tax Law Changes The Inflation Reduction Act covers new and reinstated tax laws that will affect individuals and businesses. One provision changes the eligibility rules to claim a tax credit for clean vehicles. This took effect as soon as the law was signed. More details about clean vehicles and other tax provisions will be available in coming months. Clean Vehicle Credit Excise Tax Credits for alternative fuels, biodiesel, and renewable diesel Guidance Find guidance on key tax provisions in the Inflation Reduction Act of 2022. Notices Notice 2023-06PDF provides guidance on the new sustainable aviation fuel credits under §§ 40B and 6426(k) of the Internal Revenue Code and related credit and payment rules under §§ 34(a)(3), 38, 87, and 6427(e)(1). This notice also provides rules related to the § 4101 registration requirements. Finally, this notice requests comments from the public related to the SAF credit to assist the Department of the Treasury and the Internal Revenue Service in developing additional guidance on the SAF credit in the future. Notice 2022-61 provides guidance on the prevailing wage and apprenticeship requirements that generally apply to certain provisions of the Internal Revenue Code (Code), as amended by the Inflation Reduction Act of 2022. Notice 2022-58 request for comments on Credits for Clean Hydrogen and Clean Fuel Production. Notice 2022-57 request for comments on the Credit for Carbon Oxide Sequestration. Notice 2022-56 request for comments on Section 45W Credit for Qualified Commercial Clean Vehicles and Section 30C Alternative Fuel Vehicle Refueling Property Credit. Notice 2022-51 requests comments on prevailing wage, apprenticeship, domestic content and energy communities requirements. Notice 2022-50 requests comments on elective payment of applicable credits and transfer of certain credits featured in IRA Provision 13801. Notice 2022-49 requests for comments on certain energy generation incentives featured in IRA Provision 13202. Notice 2022-48 requests comments on incentive provisions for improving the energy efficiency of residential and commercial buildings featured in IRA Provision 13302 &13303. Notice 2022-47 requests comments on energy security tax credits for manufacturing featured in IRA Provision 50265. Notice 2022-46 requests comments on credits for clean vehicles featured in IRA Provision 13401. Notice 2022-39 explains how to file a one-time claim for credit and payments for alternative fuels. Announcements Announcement 2022-23, Renewable Electricity Production Credit Amounts for Calendar Year 2022 Revenue Procedures Revenue Procedure 2022-42, Submission of Information to IRS by Qualified Manufacturers of Clean Vehicles, Previously-Owned Clean Vehicles, and Commercial Clean Vehicles; Submission of Information to IRS by Sellers of Clean Vehicles and Previously-Owned Clean VehiclesPDF
