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.
Tax year 2023 reporting relief: Forms 8835, Renewable Electricity Production Credit, and 3468, Investment Credit
For tax year 2023, if you have more than 200 Forms 3468 or 200 Forms 8835, you can submit a single Form 3468 or Form 8835 with the aggregated credit amounts on the form. Attach a Portable Document Format (PDF) that contains all the required form information for each facility/property. Name the file “CleanEnergyRelief.pdf.” If you have multiple PDFs, add a sequential number to the end of the filename i.e. (“CleanEnergyRelief1.pdf” “CleanEnergyRelief2.pdf”). This relief also applies to shareholders or partners of passthrough entities.
Under the Inflation Reduction Act, you’re required to file separate Forms 8835 and 3468 for each facility/property for which you claim a tax credit. IRS is aware of taxpayer concerns of the inability to import data into the forms.
- IR-2024-182, IRS warns of new scam targeting Clean energy tax credit
- IR-2024-179, Treasury and IRS announce final regulations on how to report and pay the corporate stock repurchase excise tax
- IR-2024-168, Treasury, IRS release guidance on the prevailing wage and apprenticeship requirements for increased credit and deduction amounts under the Inflation Reduction Act
- IR-2024-158, Treasury, IRS update procedures for qualified manufacturers, dealers and sellers of certain qualified clean vehicles under the Inflation Reduction Act
- IR-2024-157, Treasury, IRS release guidance for the Energy Community Bonus Credit under the Inflation Reduction Act
- IRS launches new Energy Credits Online tool
- Qualifying clean energy vehicle buyers are eligible for a tax credit of up to $7,500
- Home energy credits: Good for the environment and your wallet
- Taxpayers may qualify for the new Clean Vehicle Tax Credit
- Taxpayers may qualify for the new Previously Owned Clean Vehicle Credit
- Businesses and tax-exempt organizations may qualify for the new Commercial Clean Vehicle Credit
Elective payment and credit transfer
Home energy credits
Clean vehicle credits
- Credits for new electric vehicles purchased in 2023 or after
- Credits for new electric vehicles purchased in 2022 or before
- Used Electric Vehicle Credit
- Commercial Clean Vehicle Credit
- Clean Vehicle Credit qualified manufacturer requirements
- Clean Vehicle Credit dealer requirements
Excise tax credits for alternative fuels, biodiesel, and renewable diesel
Tax law changes for businesses
Guidance
Find guidance on key tax provisions in the Inflation Reduction Act of 2022.
- Notice 2024-49 PDF, Clean Fuel Production Credit; Registration
- Notice 2024-48 PDF, Guidance regarding certain requirements under the Statistical Area Category or the Coal Closure Category to qualify for the Energy Community Bonus Credit
- Notice 2024-47 PDF, Extended Relief from Certain Additions to Tax for Corporation’s Underpayment of Estimated Income Tax under Section 6655
- Notice 2024-41, Domestic content bonus credits
- Notice 2024-36, Guidance Regarding the 2024 Allocation Round of Qualifying Advanced Energy Project Credit Program
- Announcement 2024-25 PDF, Low-Income Communities Bonus Credit Program Unallocated Environmental Justice Solar and Wind Capacity Limitation Carryover from the 2023 Program Year to the 2024 Program Year
- Announcement 2024-24 PDF, Applicable Reference Standard 90.1 required as part of the definition of energy efficient commercial building property (EECBP)
- Announcement 2024-19 PDF, Federal Tax Treatment of Amounts Paid toward the Purchase of Energy Efficient Property and Improvements under Department of Energy Home Energy Rebate Programs Pursuant to Sections 50121 and 50122 of the Inflation Reduction Act of 2022
- Announcement 2023-18, Transitional Guidance with Respect to Stock Repurchase Excise Tax
- Announcement 2023-01, Updated Reference Standard 90.1 for § 179D
- Announcement 2022-23, Renewable Electricity Production Credit Amounts for Calendar Year 2022
- Revenue Procedure 2024-26 PDF, Submission of information by qualified manufacturers of new clean vehicles and dealers and sellers of new clean vehicles and previously-owned clean vehicles
- Revenue Procedure 2024-19, Guidance for owners of certain solar or wind facilities built in connection with low-income communities.
- Revenue Procedure 2024-12, Extension for Clean Vehicle Dealers
- Revenue Procedure 2023-38, Submission of Information to IRS by Qualified Manufacturers of Clean Vehicles, Previously-Owned Clean Vehicles, and Commercial Clean Vehicles
- Revenue Procedure 2023-27, Process under § 48(e) of the Internal Revenue Code (Code)1 to apply for an allocation of environmental justice solar and wind capacity limitation (Capacity Limitation).
- NPRM: Clean Electricity Production Credit and Clean Electricity Investment Credit
- NPRM: Credit for Production of Clean Hydrogen, Election to Treat Clean Hydrogen Production Facilities as Energy Property
- NPRM: Excise Tax on Repurchase of Corporate Stock - Procedure and Administration
- NPRM: Excise Tax on Repurchase of Corporate Stock
- NPRM: 45X Advanced Manufacturing Production Credit
- Excise Tax on Designated Drugs; Procedural Requirements
- Excise Tax on Repurchase of Corporate Stock; Procedure and Administration
- Increased Amounts of Credit or Deduction for Satisfying Certain Prevailing Wage and Registered Apprenticeship Requirements
- Clean Vehicle Credits Under Sections 25E and 30D; Transfer of Credits; Critical Minerals and Battery Components; Foreign Entities of Concern
- Clean Vehicle Credits: Transfer of Credits, Critical Minerals and Battery Components, and Foreign Entities of Concern
- Transfer of Certain Credits
More information
Laws and regulations
Printable posters and toolkits
Use these printable posters, guides and toolkits to understand or promote the benefits of the Inflation Reduction Act credits
Frequently asked questions
- Frequently asked questions about the prevailing wage and apprenticeship under the Inflation Reduction Act
- Frequently asked questions for energy communities
- Frequently asked questions about elective pay and transferability
- 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