Call us: +1-855-202-3299
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Inflation Reduction Act of 2022 - Impact on Electric Vehicles Tax Credits
Speaker: Jason Dinesen
Speaker Designation: Tax Expert
Call us: +1-855-202-3299
Email: [email protected]
Speaker: Jason Dinesen
Speaker Designation: Tax Expert
On Tuesday, 16th August Biden signed the sweeping Inflation Reduction Act of 2022, the nation’s most significant climate bill ever passed into law. One of the major parts of the bill is new tax credits for electric vehicles.
This webinar by “Jason Dinesen” will cover those changes, including the latest IRS guidance on August 16th, and cover how the credit has changed.
The big climate and health care bill signed into law by President Biden has what at first sight looks like a big incentive for those shopping for a car: a revamped $7,500 tax credit if you buy a new electric vehicle or $4,000 if you get a used one. There are several provisions in the new climate bill affecting the availability of EV credits, and those provisions will phase in over the coming months and years. Most of them are focused on bringing more EV and battery production to the US.
The Inflation Reduction Act covers new and reinstated tax laws that will affect individuals and businesses.
The reforms in the Inflation Reduction Act mean that the tax credit for electric vehicles will evolve considerably over the coming months and years.
The Act also contains over a dozen other changes to clean-energy credits, and we will cover those changes in this webinar. Some of these changes are more obscure, but some will directly impact many Form 1040 filers with changes to the residential energy credit.
Attend the webinar to understand the changes in the Electric Vehicles Tax Credits and as well as latest IRS guidance.
Jason Dinesen (EA, LPA) is a tax nerd, entrepreneur, tax expert and a well-known presenter of continuing education courses. Known for his sharp tax interpretations, he is one of the quickest to bring the analysis of the latest tax updates and IRS guidance to the professional community.
Jason has coached over 200,000 accounting, tax, and HR professionals on various topics of accounting, individual taxation, corporate taxation, professional ethics and much more. He has presented over dozens of webinars on Form 1099 (for 10 years on this subject!); marriage in the tax code; tax updates; the new Form W-4, payroll updates, filing status, tax credit and other issues relating to the modern-day household setting.
He also teaches 2 classes at Simpson College, Individual Income Tax and Business Analytics.
Jason always had a knack for radio shows and has and regularly features as an anchor for Radio Iowa.
Jason was born and raised in Iowa and has a degree in corporate communications from Simpson College in Indianola. He has a big family that includes his wife, two sons, 4 cats and 2 dogs. His other hobbies include being a season ticket holder to University of Iowa football.