The Inflation Reduction Act of 2022 was signed into law this past summer and includes new and reinstated tax laws that will affect individuals and businesses, such as the clean vehicle credit… 

The Inflation Reduction Act of 2022 includes the “non-business energy property credit” that allows you to claim a tax credit on your federal income taxes equal to 30% of eligible expenses for a residential solar system…

Separate from the federal tax credit for electric vehicles, beginning July 1, 2022, Illinois residents that purchased a new or used all-electric vehicle from an Illinois-licensed dealer are eligible for the following rebates…

Some items to keep in mind for the 2022 tax year…

Retirement Account Updates including RMDs from Inherited IRAs, Deducting Roth IRA Losses, and 2022 Contribution Limits…