IRS Revenue Procedure 2022-38 sets the per-capita multiplier for nine percent LIHTCs ($2.75) and the small state minimum ($3,185,000), as well as the private bond multiplier ($120) and the small state minimum ($358,845,000). The increases, which are tied to inflation, represent some of the highest amounts for the programs. The only nine percent per-capita increases higher than the 2023 figures were due to legislative increases: the Housing and Recovery Act in 2009 and the Consolidated Appropriations Act of 2018.

In Revenue Procedure 2022-37, the Internal Revenue Service (IRS) reallocates $5,423,591 of unused LIHTCs to 27 states.