WebAug 16, 2024 · What the new $80 billion for the IRS really means for your taxes. ... who have falsely claimed that the IRS will use the money to hire an “army” of 87,000 new agents who will target average ... WebAug 18, 2024 · Quick Take. The Inflation Reduction Act includes $79 billion for the IRS. S ocial media posts misleadingly claim the IRS will now hire “87,000 new agents” to investigate average citizens. But ...
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WebAug 16, 2024 · MSNBC and CNN laughed off concerns by conservatives and Republican lawmakers about doubling the number of IRS agents through funding from the Inflation Reduction Act. Members of left-leaning media ... WebJan 10, 2024 · The U.S. House of Representatives — under the leadership of the new speaker, Rep. Kevin McCarthy — recently voted for a bill repealing planned funding to hire 87,000 new IRS agents, CNN reported.
The IRS is already using the new funds to ramp up hiring for work outside of its audit operations. In October, the IRS announcedit had hired 4,000 customer service representatives to answer phones and provide other taxpayer assistance. At the time, the agency said it intended to hire another 1,000 staffers by the … See more The 87,000 figure comes from a 2024 Treasury report that estimated the IRS could hire 86,852 full-time employees over the course of a decade with a nearly $80 billion investment – … See more Many of the new hires will be replacing staff that the IRS has already lost or is expected to lose through attrition in coming years. Last year, then-IRS Commissioner Charles Rettig told lawmakers that … See more The Inflation Reduction Act says that the new investment in the IRS is not “intended to increase taxes on any taxpayer or small business with a taxable income below $400,000.” Still, there is some uncertainty about how exactly … See more National Taxpayer Advocate Erin Collins expects IRS services for taxpayers to improve this year – in part due to the funding increase. Taxpayer service, like answering the phones and processing returns in a timely … See more WebAug 12, 2024 · The IRA legislation, as it stands, delivers the strapped IRS nearly $80 billion in new funding over 10 years, of which $45.6 billion is earmarked for enforcement—hiring more agents, bolstering ...
WebAug 8, 2024 · Sens. Dick Blumenthal (D-Conn.) and Lindsey Graham (R-S.C.) squared off over the accusation that Democrats are funding an IRS army of 87,000 new agents to … WebApr 11, 2024 · Local IRS investigators ramp up warnings of fraud in Colorado as Tax Day nears. As many people hurry to file their taxes ahead of Tax Day on April 18, the IRS and its agents in Colorado are ...
WebAug 8, 2024 · WASHINGTON — Under the Inflation Reduction Act of 2024, the Internal Revenue Service will spend an extra $79.6 billion over the next 10 years to help the agency dig out of a backlog of unprocessed paper returns, and staff up to take aim at the country’s highest earners.The act, which is expected to pass the House before going to President …
WebMay 20, 2024 · President Joe Biden wants to hire 86,852 new IRS agents, which would more than double the agency’s workforce. To put this into perspective: With 86,852 IRS agents, you could fill Nationals Park twice ; 86,852 IRS agents is more than the population of Biden’s hometown of Wilmington, Delaware which has a population of 70,644. mphyathai bld.ppmthai.comWebJan 10, 2024 · If it does, it could result in delays in processing tax refunds in 2024, along with slower customer service from IRS phone representatives. In October 2024, the IRS … mph work from homeWebAug 10, 2024 · Trump Allies Are Attacking Biden For a Plan to Hire 87,000 New IRS Agents That Doesn't Exist. S ince news broke on Monday that the FBI searched former … mph wimborne roadWebJan 8, 2024 · Washington [United States], January 8 (ANI): The Speaker of the United States House of Representatives Kevin McCarthy on Saturday announced that bill for funding 87000 new Internal Revenue Service agents will be repealed when his party comes back to power, CNN reported. “I know the night is late, but when we come back … mphw registrationWebJan 10, 2024 · The legislation rescinds $80 billion included in the Inflation Reduction Act to staff 87,000 new IRS agents. The messaging bill was passed down a strict party line vote, 221-210. It now goes to ... mph wind mapWebFeb 10, 2024 · Mike Palicz, director of tax policy at the conservative advocacy group Americans for Tax Reform, tweeted Feb. 7: "Those 87,000 new IRS agents that you were promised would only target the rich ... mphw renewalWebJan 7, 2024 · The first bill considered by the new House of Representatives will address a Biden administration initiative to hire additional IRS agents over a 10-year period, Speaker Kevin McCarthy said ... mphy dphy