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The Inflation Reduction Act of 2 0 2 2 included tax credits and rebates as incentives for people to make their homes more energy efficient.
The Inflation Reduction Act of included tax credits and rebates as incentives for people to make their homes more energy efficient. How exactly are tax credits different from rebates? Is there a difference from the perspective of the individual taxpayer? Explain your thoughts on this, and provide a real example. As another related question, is there a difference between a tax credit versus a deduction in how each of these impacts an individual taxpayer?
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