Inflation Reduction Act Explained

The Jeff Trapp Podcast · Aug 3, 2022 · 11m

Inflation is currently affecting everyone. In June, inflation jumped to 9%. This has resulted in us spending more than last year on our purchases. Software costs are rising, wages are rising, and everything is generally going up. As a result of rising inflation, Senator Joe Manchin and Senate Majority Leader Chuck Schumer recently announced a reconciliation agreement known as the Inflation Reduction Act of 2022 on July 27th. So this week The Jeff Trapp Podcast sets out to discuss rising inflation and how this new bill could affect your taxes. If you're worried about rising inflation or how…