H.R. 5376 is a bill that implements President Joe Biden’s economic agenda, including a sweeping social spending and tax package. The bill extends the expanded Affordable Care Act health plan premium assistance program through 2025, imposes an excise tax on stock buybacks, increases funding for IRS tax enforcement, expands energy incentives, and imposes a corporate minimum tax.
Tax professionals need to stay up-to-date with these changes for tax planning specifically on the potential effects of tax increase proposal on their employees, job creation and investments. This Roadmap provides a summary of the tax provisions in the Inflation Reduction Act.
- Business Tax
- Health Care
Download this roadmap to learn more about the tax provisions in the Inflation Reduction Act.