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IRS Audit Protection: $400,000 Income Threshold

This new bill aims to protect low- and middle-income citizens from increased tax audits. It means that additional funds allocated to the IRS cannot be used for auditing individuals earning below $400,000 annually. As a result, most Americans can feel more secure knowing their personal finances will not be subject to excessive IRS scrutiny.
Key points
Audit limitation: The IRS cannot use new funds to audit individuals with taxable incomes below $400,000.
Taxpayer protection: The bill aims to shield low- and middle-income earners from an increase in tax audits.
No impact on high earners: The changes do not affect taxpayers earning $400,000 or more, who may still be subject to audits.
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Additional Information
To prevent the use of additional Internal Revenue Service funds from being used for audits of taxpayers with taxable incomes below $400,000 in order to protect low- and middle-income earning American taxpayers from an onslaught of audits from an army of new Internal Revenue Service auditors funded by an unprecedented, nearly $80,000,000,000, infusion of new funds.
Print number: HR 9143
Sponsor: Rep. Brady, Kevin [R-TX-8]
Process start date: 2022-10-07