Esther M
Employee Tax Expert

Tax law changes

Hi Taniuchi,

The credit has always been a non-refundable credit and will remain so under the new Inflation Reduction Act 2022 (IRA-2022 ) but now increased to 30%. Any un-used amount may be carried forward to the following years. As of now there's no indication under the new IRA-2022 that it will be refundable. 

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