This course discusses the key provisions of the Inflation Reduction Act of 2022 impacting individuals. It includes a summary of the revenue raising provisions used to fund the proposed expenditures to achieve energy security and provide for an extension of the tax subsidies under the Affordable Care Act. It also includes an explanation of the various tax incentives promoting Energy Security in the US.

The presentation is divided into three parts:

  • An overview of the revenue and Cost (Investment) provisions of the Act
  • A description of the revenue raising provisions of the Act
  • A description of the Costs (Investments) contained in the Act, including energy investments and credits for:
    • Residential Clean Energy
    • Energy Efficient Home Improvements
    • High-efficiency Home Improvements
    • High-efficiency Electric Home Rebates
    • Tax Credits for Solar PV systems
    • Clean Vehicle Credit for electric, fuel cell, and hydrogen vehicles

Course Key Concepts: Inflation Reduction Act of 2022, Residential Clean Energy Credit, Energy Efficient Home, Improvement Credit, High-efficiency Home Improvement Credit, High-efficiency Electric Home Rebate Program, Tax Credits for Solar PV systems, Clean Vehicle Credit for electric, fuel cell, and hydrogen vehicles.

Learning Objectives
  • Understand the key revenue provisions of the Inflation Reduction Act of 2022.
  • Understand the key costs (investments) the Act proposes to make in Clean Energy Incentives.
  • Explore the tax savings opportunities for individuals considering an investment in clean energy for their homes and autos.
Last updated/reviewed: August 11, 2023
42 Reviews (203 ratings)

Reviews

4
Anonymous Author
Good information however, the presenter makes some significant errors when reading her slides. If someone isn't following along with the slides and just focusing on listening they will get the wrong information. e.g. - "Solar and electric and water" is not the same as "Solar electric and solar water heating". Her extemporaneous comments did help explain the material. Also an hour credit should be 50 minutes not 61-1/2. My time is valuable.

4
Anonymous Author
Overall good summary. Would have preferred the instructor to not read the slides to us but provide high level points expanded by her verbal examples. Green car credits perhaps included too much detail for this course but lots of good data there.

4
Member's Profile
This tax course was very informative. I appreciated that the instructor focused on the legislative changes that took place which affected individuals in particular. The examples added value as well.

3
Anonymous Author
Very Informative. Full of information to follow up on. Instructor was very knowledgeable and provided a lot of details into the Inflation Reduction Act of 2022.

5
Anonymous Author
Very encompassing act that raises a lot of questions going forward. Lots of good data shared. Interested in hearing more about the act. Thank you.

4
Member's Profile
Lots of information but as the course developed it became more and more interesting with good tidbits of information along the way.

5
Member's Profile
I enjoy this instructor's lectures so much - she's very easy to understand. I plan to take her second class related to this act.

5
Member's Profile
Very helpful overview of the Inflation reduction act of 2022. I will be very interested to see the modernization of the IRS.

5
Member's Profile
Very efficient capture of these updates. This course also combines some strategic methods that can help with tax planning.

4
Member's Profile
A good summary of the IRA updates to the tax code. the pdf slides will make a nice desktop summary to reference.

5
Anonymous Author
Great course with good details on the various energy credits - with good ideas on how to qualify for the credits.

5
Anonymous Author
Great overview of the new bill. Helpful to understand how these changes will affect individuals and corporations.

5
Anonymous Author
excellent education by this professor, I have participated in many of her programs and always learn new things!

4
Anonymous Author
A very good overview of the Act and some clarifications on who can really benefit from some of the provisions.

5
Member's Profile
Love the outline in the beginning of what is going to be covered and, thanks for bonus of the real life tips!

5
Anonymous Author
Information presented was relevant and very helpful. Presenter was clear and concise in her communication.

5
Anonymous Author
Source material was relevant and supportive of the presentation. Exam questions were clear and concise.

5
Member's Profile
I learned interesting strategies, particularly as it relates to residential related energy tax credits.

5
Member's Profile
This was a quick easy listen informative course! I feel much more in the know about this tax program.

5
Anonymous Author
very good overview of key changes and practical ideas for tax planning. I recommend the course.

5
Member's Profile
Very interesting and relevant. Much better to get analysis from an accountant than the media.

5
Anonymous Author
Great overview of these topics and of the IRS/federal budget showing the expected surplus.

4
Anonymous Author
Good info - dives into a lot of detail when it comes to the various new energy credits.

5
Anonymous Author
Great detail of the new bill and all of the various aspects to consider and plan.

5
Anonymous Author
I enjoyed this course and would recommend it to anyone who prepares tax returns.

5
Anonymous Author
Good content and efficiently presented. Good stuff overall. High level overview.

5
Member's Profile
A well-organized and informative course. Good practical points and suggestions.

5
Member's Profile
the review went fine. there were some things i already knew but that is okay.

5
Member's Profile
The instructor was really good - spoke clearly, engaging and knowledgeable.

3
Anonymous Author
Dry boring presenter that took an already boring subject and made it worse.

5
Member's Profile
learned a lot. useful and practical tips for users to maximize benefits.

4
Member's Profile
this course is very informative and keep me updated for 2022 tax changes.

5
Anonymous Author
Great Overview. Definitely will take companion class for more detail.

5
Anonymous Author
This course provided basic updates tax info of 2022, very informative.

5
Anonymous Author
Great course. Concise and paced well for absorbing the information.

5
Member's Profile
very informative information as i approach tax filing season

4
Anonymous Author
This is a great course regarding the Inflation Act of 2022.

4
Anonymous Author
Good introductory course into the inflation reduction act.

5
Member's Profile
nice intro course for the IRA.....looking forward to more

5
Anonymous Author
The course is short, but Very objective and to the point

5
Anonymous Author
Fantastic summary of the act. Glad I found this course

5
Anonymous Author
Great overview. This is helpful for me in my job.

Prerequisites
Course Complexity: Foundational
No advanced preparation or prerequisites are required for this course.
Education Provider Information
Company: Illumeo, Inc., 75 East Santa Clara St., Suite 1215, San Jose, CA 95113
Contact: For more information regarding this course, including complaint and cancellation policies, please contact our offices at (408) 400- 3993 or send an e-mail to .
Instructor for this course
Course Syllabus
INTRODUCTION AND OVERVIEW
  Introduction to Inflation Reduction Act of 20222:02
  Part I-Act Overview2:38
  Part II-Revenue Raisers15:47
  Part III-Costs (Investments)3:54
  Part III. a. Residential Credits14:00
  Part III. b. Clean Vehicle Credit19:38
  Conclusion3:34
CONTINUOUS PLAY
  Inflation Reduction Act of 20221:01:33
SUPPORTING MATERIAL
  Slides: Inflation Reduction Act of 2022: Tax Planning Strategies for IndividualsPDF
  Inflation Reduction Act of 2022: Tax Planning Strategies for Individuals Glossary/IndexPDF
REVIEW AND TEST
  REVIEW QUESTIONSquiz
 FINAL EXAMexam