Inflation Reduction Act 2024 Income Limits Ira. Starting january 2024, the inflation reduction act expanded the program to cover more drug. Inflation reduction act prevailing wage.

The amount that individuals can contribute to 401 (k) plans will increase to $23,500 in 2025, up from $23,000 in 2024. The inflation reduction act’s prevailing wage provision incentivizes taxpayers to pay prevailing wages to the construction workers building clean energy projects.