IRS Recovers $1.3 Billion from Wealthy Tax Dodgers
Enhanced enforcement under the Inflation Reduction Act targets high-income non-filers, yielding significant tax collections.
- The IRS initiative targeted 125,000 wealthy individuals who hadn't filed taxes since 2017.
- Nearly 21,000 of these taxpayers have filed, resulting in $172 million in recovered taxes.
- Around 80% of 1,600 millionaires with delinquent taxes have paid, adding over $1.1 billion.
- Modernization efforts include the Direct File program, expanding to more states for the 2025 tax season.
- Republicans criticize the IRS funding, arguing it could lead to increased audits on middle-class Americans.