How the Inflation Reduction Act Can Help Your Small Business

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How the Inflation Reduction Act Can Help Your Small Business

On Aug. 16, 2022, President Joe Biden signed the Inflation Reduction Act of 2022 (IRA). The bill was equally divided in votes for and against it, and was passed by a tie-breaking vote from Vice President Kamala Harris. Now it is law. Several things are in it that could affect your small business.
An Ongoing Commitment to Keep the Affordable Care Act Going
The Affordable Care Act (ACA)—passed under President Barack Obama’s administration—will continue to operate. The ACA has been subsidized since its creation to make the cost of health insurance accessible to more Americans. The subsidies were to end in December of this year, but now they will continue through 2025....

Source: How the Inflation Reduction Act Can Help Your Small Business

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