The passing of the Inflation Reduction Act in August has led to many questions regarding the purchase of Electric Vehicles (EV) and Energy Efficient Home Improvements in regards to potential tax credits.

Green energy

Photo by Singkham: https://www.pexels.com/photo/clear-light-bulb-planter-on-gray-rock-1108572/

To help answer some of the questions you may have, we have published a page with a summary of the available information and important links. You may always find the information on our Customer Help Center, however you may also click here: https://toyercpa.com/inflation-reduction-act/

In addition to federal tax credits, please keep in mind that state programs for renewable energy and energy efficiency, which exist across a wide range of technology types, are also available and can offer significant tax saving opportunities.

If you have any questions about the available credits and how they may benefit your tax situation, please call our office to schedule a Tax Planning appointment at 425-258-3432.