This document summarizes the tax provisions of the Inflation Reduction Act of 2022 agreement that was released on July 27, 2022. The blue font signifies portions of the new bill that were added or have been modified from their previous inclusion in the reconciliation draft text that was released on Dec. 11, 2021, by the Senate Finance Committee. A list provided at the end of this document outlines several sections that have been removed from the December version of the bill.