Complete Story
08/11/2022
The IRS Is Not Increasing Audits on the Middle Class
This is not part of the guidelines included in the recently passed IRA
On August 7, 2022, the Senate passed the Inflation Reduction Act of 2022, which includes the largest-ever federal effort to combat climate change and aims to lower rising costs of goods while paying down the nation's debt. The legislation also allocates funding to the Internal Revenue Service (IRS).
After the Senate passed the bill, people on Twitter claimed that the funding would allow the IRS to increase audits on middle-class Americans by hiring 87,000 new agents.
The question: Is the IRS increasing audits on the middle class by hiring 87,000 new agents? And, the answer is, "no."
Please select this link to read the complete article from WBNS-10TV.
