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The Schumer-Manchin tax bill passed the Senate as part of the Inflation Reduction Act on Sunday. According to legislative documents, the bill will raise taxes and boost the IRS by an estimated $80 ...
The IRS said funding from the Inflation Reduction Act has helped it go after wealthy taxpayers who failed to pay their tax bills. IRS has recovered $1.3 billion in unpaid taxes from rich Americans ...
In the weeks since passage of the Inflation Reduction Act, one provision has generated more heat in certain corners of the Internet than any other: an $80 billion infusion coming to the IRS.
The Inflation Reduction Act (IRA) passed in 2022, which included allocating billions of dollars towards investments related to renewable energy sources. But the future of such policies remains ...
"Capitalizing on Inflation Reduction Act funding and following a top-to-bottom review of enforcement efforts, the Internal Revenue Service announced today the start of a sweeping, historic effort ...
President Joe Biden recently signed the $739 billion Inflation Reduction Act, with $80 billion in funding being directed towards the Internal Revenue Service over the next 10 years. More than $45...
The Inflation Reduction Act of 2022 (IRA) is a United States federal law which aims to reduce the federal government budget deficit, lower prescription drug prices, and invest in domestic energy production while promoting clean energy. It was passed by the 117th United States Congress and signed into law by President Joe Biden on August 16, 2022.
On Sept. 15, Treasury Secretary Janet Yellen detailed improvements taxpayers can expect for the 2023 tax season in accordance with President Biden's Inflation Reduction Act (IRA). These include ...