The Inflation Reduction Act (IRA), enacted on August 16, 2022, aims to lower consumer energy costs and reduce climate impact through economic incentives. It offers tax incentives for energy-efficient home improvements, electric vehicle purchases, health insurance coverage, electric car charging, natural gas fueling devices, and clean energy generation. This course covers these provisions, focusing on tax credits, expanded health insurance premium tax credits, and the extension of the limitation on noncorporate taxpayer excess business losses.