TAX IMPACTS FOR BUSINESS OWNERS: INFLATION REDUCTION ACT AND MORE!

The Inflation Reduction Act is the biggest climate package in U.S. history. The SVA team provided updates on the act and the provisions that will impact business owners. Additionally, our tax experts recapped expiring tax provisions and discussed current rules, opportunities, and limitations.

• Highlights of the Inflation Reduction Act including EV credits, AMT, and additional IRS agents
• Update on IRA rules
• Depreciation update including Section 179, Bonus Depreciation, and auto depreciation rules
• Interest expense limitations
• Recap of expiring provisions