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Notice 2024-45

SECTION 3. INFLATION

Internal Revenue Bulletin 2024-26 · 2026-10-03 edition · updated 2026-10-04 · United States

ADJUSTMENT FACTORS

.01 2023 Inflation Adjustment Factor . For purposes of § 45V(b)(3), for qualified clean hydrogen produced in calendar

year 2023, the inflation adjustment factor is a fraction the numerator of which is the GDP implicit price deflator for 2022 (117.973) and the denominator of which is the GDP implicit price deflator for 2022 (117.973), which yields an inflation adjustment factor of 1.

.02 2024 Inflation Adjustment Factor . For purposes of § 45V(b)(3), for qualified clean hydrogen produced in calendar year 2024, the inflation adjustment factor is a fraction the numerator of which is the GDP implicit price deflator for 2023 (122.273) and the denominator of which is the GDP implicit price deflator for 2022 (117.973), which yields an inflation adjustment factor of 1.0364.

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▸Contents — Internal Revenue Bulletin 2024-26
Internal Revenue Bulletin 2024-26

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