Inflation Reduction Act 2024. Under the inflation reduction act, consumers can choose to transfer their new clean vehicle credit of up to $7,500 and their previously owned clean vehicle credit of up to $4,000 to a car dealer starting january 1, 2024. Department of the treasury and internal revenue service (irs) released final rules on the clean vehicle provisions of the inflation reduction act (ira) that are lowering costs for consumers, spurring a boom in u.s.

Energy generation and carbon capture § 45: Code section tax incentive or policy most recent information;