The Inflation Reduction Act includes the Clean Vehicle Tax Credit program which provides tax credits for purchasing electric vehicles. Learn about the tax credits and limits on qualifications.

Tax changes in the Inflation Reduction Act could affect middle market businesses despite targeting large corporations and high-income individuals.

The Inflation Reduction Act of 2022 imposed a new 15% alternative minimum tax on large corporations. Notably, the tax is based on a corporation’s financial statement income (with adjustments).

The challenges of inflation can be difficult for nonprofits to overcome. But there are steps that nonprofits can take to limit inflation’s negative impact.