Inflation Reduction Act 2024 Spending Card For Seniors. For fiscal year 2024, which began october 1, 2023, the inflation reduction act provided $1.65 billion for the environmental quality incentives program (eqip), $754 million. The new bill makes the largest investment in combating climate change in u.s.

For fiscal year 2024, which began october 1, 2023, the inflation reduction act provided $1.65 billion for the environmental quality incentives program (eqip), $754 million. The inflation reduction act was signed into law in 2022 and hasn’t been updated to provide monthly subsidies to people earning below a certain income.