With a divided Congress on Capitol Hill and other issues dominating the debate, tax legislation is less of a focus than it was in late 2022 when Congress passed and the President signed into law the “Inflation Reduction Act,” which contained a number of important and complex tax changes affecting corporations and individuals, including a new 15% minimum tax on book income, a particularly important development given its similarity in name, but not operation, with separate work at the OECD to create a global minimum tax (Pillar Two) and to address the increasing digitization of the economy (Pillar One). However, many other tax policy proposals, like the new Section 174 R&D rules, were not addressed in a post-election Lame Duck session at the end of the year, and Congress is struggling to find a way to address those. This page is designed to keep you abreast of legislation and understand its impact through insights from trusted Deloitte tax specialists as well as to begin to think about the major tax policy challenges that must be addressed next year given how much of 2017’s TCJA is scheduled to expire at the end of 2025.

Check back often for updates on the tax policy debate.

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Analyzing 2025 tax law changes and Presidential candidates’ tax proposals

Tax policy and the 2024 elections, compares Harris’s and Trump’s respective tax plans and addresses the expiring TCJA provisions.

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From policy to practice

OECD Pillar Two introduces broad changes to how global businesses are taxed - and in turn, their tax data requirements, calculation, and reporting demands. We can help you identify and assess the impact of this complex new legislation in multiple countries.

Applying the new guidelines for domestic content bonus credit

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The transferability credit marketplace

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Driving energy equity and sustainability with the IRA

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Inflation Reduction Act: Direct pay and transferability provisions

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Direct pay and transferability

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Tax credits and incentives
Develop your tax credits and incentives strategy

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48C advanced energy project credit: Recent IRS updates

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Inflation Reduction Act: Clean hydrogen and carbon capture credits explained

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Opportunities in the new green economy - with a boost from government

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The Inflation Reduction Act: Sustainability credits

PODCAST | Listen now

Sustainability-related tax provisions in the Inflation Reduction Act

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The Inflation Reduction Act: Advanced manufacturing credits

Podcast | Listen now

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