Got Hidden Income? The IRS May Get More Money to Find You

If Congress passes the Inflation Reduction Act, Americans should expect more IRS audits—especially on filers making more than $400,000 a year.

The surprise agreement between Sens. Chuck Schumer (D., N.Y.) and Joe Manchin (D., W.Va.) includes provisions adding $79 billion to Internal Revenue Service funding over the next decade. More than half of it would boost enforcement, while $30 billion would be to improve operations and technology, and $3 billion would go for taxpayer service.

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