Tax Clinic CREDITS AGAINST TAX By Deborah Gordon, J.D., LL.M.; Brent Sabot, CPA, MST; Eugene Boakye, J.D., LL.M.; Heather Rosas; and Leo Rich, CPA, Washington, D.C. Editor: Mo Bell-Jacobs, J.D. The Inflation Reduction Act of 2022, P. L. 117-169, added new Sec. 6418 to the Internal Revenue Code, allowing eligible taxpayers to transfer (or sell) all or a specified portion of an eligible credit to an unrelated taxpayer in exchange for cash.