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Inflation Reduction Act of 2022

Insights and analysis on the tax law provisions in the "IRA"

On August 16, 2022, President Biden signed into law H.R. 5376 (commonly referred to as the Inflation Reduction Act of 2022 or IRA)—the budget reconciliation legislation that includes significant law changes related to tax, climate change, energy, and healthcare. From this page, you can access the latest KPMG updates and insights on the IRA.

CAMTyland Adventures, Part I – Basics and initial steps

CAMTyland Adventures, Part I – Basics and initial steps

Candy Land game helps taxpayers navigate the corporate alternative minimum system

Read July 24 article

CAMTyland Adventures, Part II – 'Right-sizing' Adjustments

CAMTyland Adventures, Part II – 'Right-sizing' Adjustments

Group instructions: book consolidated, tax consolidated, and single-employer

Read July 31 article

Draft CAMT Forms, Data and Computational Requirements

Draft CAMT Forms, Data and Computational Requirements

KPMG report discusses 2023 Draft Form 1120 and 2023 Draft Form 4626

August 3 report

KPMG TaxNewsFlash-United States

State Tax Implications of the Inflation Reduction Act

How states approach conformity to federal tax laws

June 13, 2023 The manner in which states have incorporated or may incorporate in the future the income tax provisions of the Inflation Reduction Act into their own tax laws is an important issue taxpayers must take into account when determining the full impact of the IRA on their business. This article provides insights on how states approach conformity to federal tax laws and further analyzes how states may conform to key IRA provisions.

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IRA topics

Tax provisions, in general

Report | Effect of IRS funding on information reporting

KPMG TaxNewsFlash

April 24, 2023

Podcast | The Biden Tax Plan in a Post-IRA World: What Now?

KPMG Catching Up on Capitol Hill Episode 11-2022

September 13, 2022

Report | Analysis and Observations: Tax Law Changes in the “Inflation Reduction Act”

KPMG TaxNewsFlash

August 16, 2022


Accounting for tax provisions

Report | IRA and CHIPS: Accounting for key tax provisions

KPMG Financial Reporting View Hot Topic

February 2023

Webcast replay | Accounting Considerations of the IRA and CHIPS Acts

KPMG TaxWatch

November 3, 2022

Corporate alternative minimum tax

Report | Draft forms provide insight into compliance burden imposed by new CAMT

KPMG TaxNewsFlash

August 3, 2023

Journal Article | CAMTyland Adventures, Part II: ‘Right-Sizing’ in the Licorice Lagoon

Tax Notes International

July 31, 2023

Journal Article | CAMTyland Adventures: Part I – A Guide to the Corporate Alternative Minimum Tax

Tax Notes International

July 24, 2023

Journal Article | Why REITs Should Be Paying Attention to the Corporate AMT

Tax Notes Federal

June 26, 2023

Podcast | I Literally CAMT: Dealing with Your International Min Tax Issues

KPMG Inside International Tax Episode 03-2023

March 29, 2023

Webcast replay | CAMPT Through Financial Accounting Eyes

KPMG TaxWatch webcast

March 22, 2022

Podcast | CAMT RuM&Ations: Exploring the Impact of Notice 2023-7 on Transactions

KPMG Inside International Tax Episode 02-2023

March 1, 2023

Insights | What Should CFOs, the C-Suite, and Tax Execs Know About the CAMT?

CAMT considerations and FAQs from KPMG (updated after IRS Notices 2023-7 and 2023-20)

February 2023

Journal Article | Gold and Coal Found in Corporate Alternative Minimum Tax Guidance

Bloomberg Tax

January 23, 2023

Webcast | Corporate Alternative Minimum Tax: What Treasury's Guidance Tells Us

KPMG TaxWatch webcast

January 25, 2023

Report | Initial Observations on Round 1 of CAMT Guidance in Notice 2023-7

KPMG TaxNewsFlash

January 4, 2023

Journal Article | Adventures in CAMTyland: The Partnership ‘Distributive Share Only’ Rule in the Corporate Alternative Minimum Tax

Tax Management Memorandum

December 19, 2022

Podcast | CAMT Stop, Won’t Stop: Corporate AMT under the Inflation Reduction Act

KPMG Inside International Tax Episode 09-2022

August 16, 2022

KPMG Washington National Tax Contact List


Credits and incentives

Webcast | Unlocking Value For Your Organization Through the Inflation Reduction Act

KPMG Trade Watch

July 20, 2023

Webcast | IRA Update: Guidance on direct pay and transferable tax credits

KPMG TaxWatch

July 18, 2023

Report | Handbook: Tax Credits

KPMG Financial Reporting View

June 2023

Report | Initial Observations on Guidance Relating to Clean Vehicle Credit under Section 30D

KPMG TaxNewsFlash

January 5, 2023

Report | Analysis and observations about prevailing wage and apprenticeship requirements

KPMG TaxNewsFlash

December 2, 2022

Insights | 48C Advanced Energy Project Credit

IRA updates related to the Section 48C tax credit from KPMG

October 2022

Webcast replay | IRA Energy Tax Credits: Opportunities for Exempt Organizations and State/Local Governments

KPMG TaxWatch

October 13, 2022

Webcast replay | Federal Credits and Incentives Changes – What You Need to Know About the Inflation Reduction Act

KPMG TaxWatch

September 14, 2022

Advanced Manufacturing Production Credit

Advanced Manufacturing Production Credit Eligible Components List

Summary of Credit Provisions in the Inflation Reduction Act


Stock buyback tax

Journal Article | The Stock Buyback Excise Tax: Practical Considerations for Retirement Plans and Equity-Based Compensation Arrangements

Bloomberg Tax Management Compensation Planning Journal

May 5, 2023

Report | Stock repurchase excise tax and funding rule considerations for inbound taxpayers

KPMG TaxNewsFlash

March 27, 2023

Report | IRA stock buyback, practical considerations for retirement plans and equity-based compensation arrangements

KPMG TaxNewsFlash

January 26, 2023

Journal Article | Four Takeaways from Treasury's Corporate Stock Buyback Guidance

Bloomberg Tax

January 10, 2023

Report | Analysis and observations on initial guidance on new 1% stock repurchase excise tax

KPMG TaxNewsFlash

December 30, 2022

Journal Article | Current Events Roundup: The New Stock Buyback Excise Tax, ILM 202224010, and Deitch v. Commissioner

Journal of Taxation of Financial Products

December 2022

Webcast | The New Stock Buyback Tax – Observations and Uncertainties

KPMG TaxWatch

November 29, 2022

Industry analysis

Journal Article | Current Events Roundup: Stock Buyback Excise Tax, Corporate AMT, and Digital Asset Guidance

Journal of Taxation of Financial Products

March 2023

Podcast | Technology Industry: Tax Incentives in the CHIPS Act and Inflation Reduction Act

KPMG Tax Through an Industry Lens

November 8, 2022

Report | Tax Provisions in the “Inflation Reduction Act of 2022” Relevant to the Banking Industry; Potential Implications

KPMG TaxNewsFlash

September 23, 2022

Webcast replay | Inflation Reduction Act: Implications for the Energy and Chemicals Industry

KPMG TaxWatch

September 7, 2022

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