New tax law

[Sheryllew]

What is the new tax law and how does it affect ms

[VegasTaxMan]

Hi @Sheryllew  . The major new tax law in 2022 is the Inflation Reduction Act. It was passed by the 117th United States Congress and signed into law by President Joe Biden on August 16, 2022. This law includes three primary provisions : 

Energy Efficient Tax Benefits

Healthcare Tax Benefits

Corporate Tax Changes

You can find more details on our support site:

Inflation Reduction Act of 2022: What it Means for You and Your Taxes 

and here:

What does the Inflation Reduction Act of 2022 mean for my taxes? 

Hope that helps 🙂 !