got-hidden-income?-the-irs-may-get-more-money-to-find-you

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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