IRS Expects $561 Billion Increase in Tax Revenues by 2034 with Enhanced Enforcement
The IRS is anticipating a significant surge in tax revenues, expecting to collect up to $561 billion more in overdue and unpaid taxes from 2024 to 2034. This projection comes as a result of bolstered enforcement efforts fueled by funding from the Democrats’ Inflation Reduction Act (IRA). The IRA, which was signed into law in … Read more