What Is The Inflation Reduction Act For 2024. Through at least 2025, the inflation reduction act extends the investment tax credit (itc) of 30% and production tax credit (ptc) of. Guidance completes phase 1 of treasury department inflation reduction act implementation, advances president biden’s investing in america agendawashington —.

The inflation reduction act, which passed last summer and is already affecting major parts of the economy, is designed to impact everything from transportation and. The inflation reduction act is a transformative law that is helping the united states meet its climate goals and strengthen energy security, investing in america to create.