Taxes

In August of 2022 the Inflation Reduction Act was passed and it included $80 billion in additional funding for the IRS. Here is a statement from the government on September of 2024, two years after the passage. U.S. Department of the Treasury, IRS announce $1.3 billion recovered from high-income, high-wealth individuals under Inflation Reduction Act initiatives This is the low hanging fruit so they have a ways to go to get a decent return on their investment. Now they can go after the big money which comes from false claims of children to collect on the Earned Income Tax Credit (EITC) or the child tax credit which between the two amounted to $20 billion last year.