IRS Announces It Has Recovered $1.3 Billion From Wealthy Taxpayers by Increasing Enforcement

The IRS said it has ramped up enforcement using money from the Inflation Reduction Act, passed two years ago.
IRS Announces It Has Recovered $1.3 Billion From Wealthy Taxpayers by Increasing Enforcement
The IRS building in Washington on Jan. 4, 2024. Madalina Vasiliu/The Epoch Times
Jack Phillips
Jack Phillips
Breaking News Reporter
|Updated:
0:00

The IRS said on Friday that it has recovered more than $1.3 billion from wealthy U.S. taxpayers by increasing its enforcement measures after the Inflation Reduction Act was passed.

Announced in a news release, the agency said in an update that it has recovered $172 million from 21,000 “wealthy taxpayers” who haven’t filed tax returns since 2017. That tax revenue was collected in the first six months of the initiative, it said.

Jack Phillips
Jack Phillips
Breaking News Reporter
Jack Phillips is a breaking news reporter who covers a range of topics, including politics, U.S., and health news. A father of two, Jack grew up in California's Central Valley. Follow him on X: https://twitter.com/jackphillips5
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