IRS says it has clawed back $1.3 billion from wealthy by increasing enforcement

Published September 6, 2024 12:11pm ET



The IRS announced Friday that it has recovered some $1.3 billion from wealthy people by increasing its tax enforcement.

Two years ago, Democrats passed the Inflation Reduction Act, which turbocharged the IRS with funding that was supposed to give the agency more resources to audit high-income earners and identify tax cheats. Now, the tax collecting agency says those efforts are bearing fruit.

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