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November 29, 2022
2022-1776

IRS provides guidance on wage and apprenticeship requirements for enhanced credits and deductions under the IRA

The IRS has announced (IR-2022-208) new guidance explaining how to satisfy prevailing wage and apprenticeship requirements for enhanced tax benefits under the Inflation Reduction Act (IRA). Specifically, Notice 2022-61 explains how taxpayers (e.g., builders, developers and owners of clean energy facilities) may receive increased tax credits or deductions by satisfying certain wage and apprenticeship requirements. A Tax Alert is forthcoming.

 

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