The IRS plans to use new funding for enforcement, among other things, but vowed not to increase audits on Americans making under $400,000 a year.
The IRS released details Thursday on how the agency plans to use $80 billion in funding from the Inflation Reduction Act passed by Congress last year. Of that amount, the Congressional Budget Office estimates that $60 billion will be spent on enforcement.The report highlights improvements to customer service after taxpayers complained in recent tax seasons about contacting the IRS for questions.
Sen. Mike Crapo, R-Idaho, has pushed for a limit on audits on those making below $400,000, but as ranking member of the Finance Committee, he said he has been unable to garner Democratic support to codify the commitment.The IRS is working to hire 87,000 new employees. Werfel said part of that process will be implementing a “soft notice” program. He said rather than sending taxpayers through an audit process when mistakes are made on tax forms, he said the IRS will work with filers to quickly correct the mistake.
Werfel noted that the IRS has been “significantly underfunded” for years. He said the IRS has experienced a 22% reduction in funding from 2010 through 2021.
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