Inflation Reduction Act : All You Need to Know in Ten Minutes

Описание: In this video, CERTIFIED FINANCIAL PLANNER™ Professional Colin Exelby explains 5 potential Tax Benefits for you in this bill and what the increase in the IRS budget may mean for you.

On August 16th, 2022, the drastically reduced build back better plan was signed into law by President Biden now call the Inflation Reduction Act. I do know one thing… there isn’t anything in here that is going to reduce inflation. But there are a couple of incentives in here that we can potentially take advantage of.

The main focus of this bill was on 3 things.

First, roughly $370 billion in Clean Energy Investments and Tax Credits.

Second, allowing negotiating of prices of some drugs for Medicare and capping out of pocket
prescription drugs for those on Medicare at $2,000 effective in 2025.

Third, it increases taxes on corporations making $1 billion dollars or more of income while
doubling the IRS budget by $80 million to help enforce it.

TIME STAMPS :
00:00 August 16th 2022...
01:33 Inflation Reduction Act Law
03:54 What is in this bill for you? Where can you benefit?
04:18 First Tax Credit: Non Business Energy Tax Credit On Your Home.
05:26 Second Tax Credit: Residential Clean Energy Credit
06:08 Third Tax Credit: Business Owners with Dedicated Home Office
06:45 Fourth Tax Credit: Commercial EV Tax Credit For Business Owners
07:12 Fifth Tax Credit: Expansion of the Personal Electrical Vehicle Credit

★☆★ List of Vehicles with Final Assembly in North America ★☆★
https://afdc.energy.gov/laws/inflatio...

★☆★ Inflation Playlist ★☆★
   • Inflation  

★☆★ How to Create a 💯 % Tax-Free Retirement Income PLAYLIST ★☆★
   • How to Create a 💯 % Tax-Free Retirement In...  

★☆★ Book Your Free Consultation! ★☆★
https://celestialwm.com/free-consulta...

★☆★How to avoid an IRS Audit★☆★
   • The IRS Is Watching: Practical Tips for Av...  

[About] Colin Exelby is a Certified Financial Planner Professional™ or CFP®. He owns the virtual financial advisory practice Celestial Wealth Management.

I provide financial planning for business owners and their families that makes sense.

Transformational change is made when you focus on the big picture. My goal is to help you think outside the box about your life, your money, and your health to be the best you can possibly be.

We strive to help you:
*Optimize Your Cash Flow
*Minimize Your Taxes
*Build Your Net Worth
*Create a Lasting Legacy

➡️ ➡️Free Guide Here: https://celestialwm.com/ptpebook-go/⬅️⬅️

If this sounds like what you are looking for then hit the subscribe button right here and I'll see you in the comments!

Subscribe to the Channel Here:
★☆★    / @seetheforestthroughthetrees   ★☆★

★☆★ Subscribe to the Blog Here ★☆★
https://seetheforestthroughthetrees.com
#inflationreductionact #retirementplanning #taxplanning #colinexelby #celestialwealthmgmt
Tags - The Inflation Reduction Act,Inflation Reduction Act,Joe Biden, Inflation Reduction Act 2022,Tax Breaks,Tax Benefits,Joe Biden Law,IRS Funding,Funding IRS,Internal Revenue Service,Tax Audits,Business Owners,Financial Planning For Business Owners,Inflation Reduction Act For Business Owners,Financial Tips,Stock Market,U.S. Economy,Inflation,US Inflation,Corporate Tax,Excise Tax,Inflation Crisis,Economy Crisis,Tax Credits,EV incentives,EV Taxes,EV