Inflation Reduction Act 2024 Cost. 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. Millions of americans are saving an average of $800 per year on health insurance premiums because of cost savings from the american rescue plan that the inflation.

As politifact has noted, the inflation reduction act includes a green energy package costing $369 billion over 10 years, including tax credits to boost investment in solar,. The inflation reduction act raises $300 billion over a decade by requiring large corporations to pay a 15 percent minimum tax on their profits and by enacting a 1 percent.