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    • Applicable Federal Rates for September 2026 Released (Rev. Rul. 2026-17)
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    • Current Plan Liability Rates Set for August 2026 (Notice 2026-51)
    • Enhanced Oil Recovery Inflation Adjustment Factor Published (Notice 2026-46)
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    Federal Tax Day - Current, I.3, Enhanced Oil Recovery Inflation Adjustment Factor Published (Notice 2026-46), (Aug 24, 2026)

    The IRS has issued the inflation adjustment factor for use in determining the enhanced oil recovery credit under Code Sec. 43. The inflation adjustment factor for calendar year 2026 is 2.1747. Because the reference price, as determined under Code Sec ...

    The IRS has issued the inflation adjustment factor for use in determining the enhanced oil recovery credit under Code Sec. 43. The inflation adjustment factor for calendar year 2026 is 2.1747. Because the reference price, as determined under Code Sec. 45K(d)(2)(C), for 2025 ($63.40) exceeds $60.892 by $2.508, the enhanced oil recovery credit for qualified costs paid or incurred in 2026 is phased out using a ratio. The GNP implicit price deflator to be used for calendar year 2025 is 128.888.

    Notice 2026-46

    Other References:

    • Code Sec. 43

    • CCH Reference - FED ¶4387.01

    • CCH Reference - FED ¶4387.07

    • CCH Reference - FED ¶4387.30

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