Economic Relief For 2024 How To Apply. It restores a 12.5% allocation increase to the low income housing tax credit (lihtc) that expired in 2021 and reduces the private activity bond financing requirement to access the 4% lihtc from. The irs will use this information to confirm eligibility and calculate and send an economic impact payment.

On august 16, 2022, president biden signed the inflation reduction act (ira) into law, marking one of the largest investments in the american economy, energy security, and climate that congress has made in the nation’s history. Department of the treasury and internal revenue service (irs) announced that applications will open at 9:00 a.m.