With 87,000 new agents, who will the IRS be looking at? | Rush Hour

Under the Inflation Reduction Act of 2022, the Internal Revenue Service will spend an extra $79.6 billion over the next 10 years to help the agency dig out of a backlog of unprocessed paper returns, and staff up to take aim at the country’s highest earners.

The act, which is expected to pass the House before going to President Biden’s desk for signature, will add 87,000 new IRS agents to their roster. It’s expected to help speed up processing refunds that some taxpayers have been waiting as long as 10 months to receive.

#IRS #biden #inflationreductionact

Full story: https://www.newsnationnow.com/business/your-money/with-87000-new-agents-who-will-the-irs-be-looking-at/

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