Inflation Reduction Act Tax Credits 2024. The inflation reduction act imposes a corporate alternative minimum tax (amt) equal to the excess of 15% of a corporation’s adjusted financial statement income. Photo by water power technologies office.

The inflation reduction act allows a maximum credit of $7,500 per new clean vehicle, consisting of $3,750 in the case of a new vehicle that meets certain. Since january 2024, more than 250,000 americans have claimed the inflation reduction act’s ev tax credits—either $7,500 off a qualified new electric vehicle, or up to $4,000 off a qualified.