Inflation Reduction Act 2024 Income Limits. Here’s how to save on electric vehicles, solar panels, heat pumps, and more via tax credits and rebates. Originally proposed to be reduced to 12.5% without indexation (which adjusts for inflation), finance minister nirmala sitharaman introduced an amendment allowing taxpayers to choose.
For the new car credit, single taxpayers making $150,000 or less, heads of household making $225,000 or less, and. Biden signed the landmark inflation reduction act, which provides nearly $400 billion to support clean energy and address climate change, including $8.8 billion for the home energy rebates.
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