Got a hidden income? The IRS Could Make More Money Finding You

If Congress passes the Inflation Reduction Act, Americans will expect more IRS audits—especially for filers earning more than $400,000 a year.

The surprise deal between Sens. Chuck Schumer (D., NY) and Joe Manchin (D., W.Va.) include provisions to add $79 billion to Internal Revenue Service funding over the next decade. More than half of that will go to enforcement, while $30 billion will go to improving operations and technology, and $3 billion will go to taxpayer services.

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