The IRS has released the inflation adjustment factor for the credit for carbn dioxide (CO2) sequestration under Code Sec. 45Q for 2024. The inflation adjustment factor is 1.3877, and the credit is $27.75 per metric ton of qualified CO2 under Code Sec. 45Q(a)(1), and $13.88 per metric ton of qualified CO2 under Code Sec. 45Q(a)(2). The aggregate amount of qualified CO2 taken into account for purposes of Code Sec. 45Q was 75,000,000 metric tons based on the most recent annual reports filed with the IRS.