New IRS funding boosted tax enforcement and improved taxpayer services during the Biden administration
The Internal Revenue Service has ramped up its efforts to recover unpaid taxes from millionaires. It collected more than US$1.1 billion from 1,600 wealthy Americans with known but unpaid tax debts in the 2024 fiscal year, up from just $38 million a year earlier. This boost in tax revenue occurred because of the Inflation Reduction […]
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