In September, the IRS started seeking back taxes from about 1,600 taxpayers with income above $1 million and more than $250,000 in tax debt. So far, the IRS has closed 100 of those cases, collecting $122 million, it said Friday. Earlier this year, the IRS collected $38 million from more than 175 high-income earners. Republicans have raised questions about whether the $80 billion investment in the IRS would lead to increased audits for average Americans. The White House argued that the cut won’t fundamentally change what the IRS can do over the next few years.

Source: CNN October 21, 2023 15:12 UTC