The IRS To Hire 87,000 Auditors For Additional Audit
President Biden signed The Inflation Reduction Act which is now law from Tuesday.
Under this law, the US government provided $80 billion in funding for the IRS including $15 million to deliver a report for free.
While most of the $80 billion for the IRS in the new legislative package goes out over the next decade
The agency has only about a year to turn in its e-filing report.
Republicans, including Chuck Grassley, who previously chaired the Finance Committee, said that the funding will give the IRS the ability to hire an additional 87,000 auditors.
They will target middle-class taxpayers.
But The IRS and Democrats reassured Americans that the additional audit activity will affect only those making $400,000 or more