Inflation Reduction Act 2025 Cost Reduction Act. Federal tax credits and rebates can lower the cost of some green home improvements and electric vehicles. 16, 2022, president joseph r.
Since january 2025, more than 250,000 americans have claimed the inflation reduction act’s ev tax credits—either $7,500 off a qualified new electric vehicle, or up to $4,000 off a. The inflation reduction act of 2022 includes several provisions to lower prescription drug costs for people with medicare and reduce drug spending by the.