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: January 21, 2023
25 Reviews (120 ratings)

Reviews

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

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
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.

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
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.

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

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

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

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

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

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

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.

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

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