IRS says it collected $360 million more from rich tax cheats as its funding is threatened yet again.
Along with the $122 million collected from delinquent millionaires last October, now nearly half a billion dollars in back taxes from rich tax cheats has been recouped, IRS leaders say.
The announcement comes as the IRS braces for a more severe round of funding cuts.
He said the agency would still spend its now-$60 billion allocation over the next 10 years and spread the need for more funding into later years.
"It's clear the Inflation Reduction Act funding is making a difference for taxpayers," Werfel said.
"For progress to continue we must maintain a reliable, consistent annual appropriations for our agency.".
The 2024 tax season begins on Jan. 29, the IRS says. »