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Kiplinger
Kiplinger
Business
Kelley R. Taylor

The Inflation Reduction Act and Your Taxes: What to Know for 2025

Picture of the U.S. capitol.

You may have heard about the Inflation Reduction Act (IRA), sweeping legislation passed during the Biden administration designed to address the high cost of prescription drugs, healthcare availability, climate change, and the need to raise tax revenue.

But did you know that the various clean energy tax credits and other tax incentives in the IRA might benefit you?

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