Inflation Reduction Act Updates 2024. The irs has made limited progress developing the methodology to comply with the treasury directive to not increase the audit rate for taxpayers with incomes. The inflation reduction act of 2022 was signed into law on august 16, 2022.
Washington—president biden’s inflation reduction act is the most significant legislation to combat climate change in our nation’s history, and one of the. The new law provides meaningful financial relief for millions of people with.